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We survey research on the relationship between technology and trade. We begin with the old literature, which treated … the state of technology as exogenous and asked how changes in technology affect the trade pattern and welfare. Recent … research and development. This allows one to examine not only how technology affects trade, but also how trade affects the …
Persistent link: https://www.econbiz.de/10012473978
endogenous education. When more physical capital raises the marginal product of skills relative to that of raw labor, an increase … education is chosen optimally, a dynamic equilibrium is characterized by an inverse relationship between the level of human …. We develop a model with overlapping generations, ongoing increases in educational attainment, and technology …
Persistent link: https://www.econbiz.de/10012481988