Aoki, Shuhei - Volkswirtschaftliche Fakultät, … - 2011
.S.) transfer technology to rms in a developing country (Japan) if it is protable to do so, and where the technology transfer is the … engine of economic growth. In this model, among multiple equilibria, the equilibrium with low labor cost in Japan was chosen … developing country, resulting in rapid growth. However, during the other periods, the equilibrium with high labor cost in Japan …