(QHFT) model, we classify export goods (at the HS 6-digit level of disaggregation) by quality and price competition. We find … a high proportions of quality-competition goods for the major EU countries and lower proportions for Canada, Australia … and China. However, the overlap of these quality-competition goods is not large, which suggests that characteristics of …

emergence of the global fiscal cycle: governments' competition over the provision of reserve assets gives rise to strategic … complementarity in the issuances, even when the reserve assets are substitutes in partial equilibrium. We show our reserve-asset-competition …

lead to the innovation sought, others result in dead ends. Because firms benefit from their competitors working in the …. The risky arm could potentially lead to a dead end and the safe arm introduces further competition to make firms keep …

effects are due to increased competition for local resources …

trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …

which Northern innovation, Southern imitation, and FDI are all endogenous. Our model predicts that IPR reform in the South …, Northern resources will be reallocated to R&D, driving an increase in the global rate of innovation. We test the model …