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This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...
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The increased importance of fragmentation in world trade has created an interest among trade economists to explain the determinants of trade in intermediate goods. A substantial part of trade in intermediates between the US and OECD countries takes the form of intra-industry (IIT). I have...
Persistent link: https://www.econbiz.de/10009431174
This article develops a dual general equilibrium model to analyze the effects of intra-industry trade in both intermediate goods and final goods on the productivity in the final good production. Intra-industry trade in intermediate goods determines an increase in the number of intermediate good...
Persistent link: https://www.econbiz.de/10005678829
The increased importance of fragmentation in world trade has created an interest among trade economists to explain the determinants of trade in intermediate goods. A significant portion of trade in intermediates between Turkey and OECD countries takes the form of intra-industry (IIT)....
Persistent link: https://www.econbiz.de/10005112851
Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising …
Persistent link: https://www.econbiz.de/10011162941
Large wage differences between countries ("place premiums") are well documented. Neoclassical trade theory suggests …
Persistent link: https://www.econbiz.de/10011162955
This paper intends to investigate whether forest products prices are converging on a global basis. Recent market integration studies have analysed price linkages within limited geographic regions, and have frequently concluded that regional forest product markets are integrated. Industrial...
Persistent link: https://www.econbiz.de/10011168090