We study a many-country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine the country-specific short-run transition paths. The countries differ in basic structural parameters and may impose...

We study a many country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries differ in basic structural parameters and may impose tariffs...

In April 2013, a decrease in the export with simultaneous growth in import was observed; due to the above the surplus of the trade balance of the Russian Federation dropped dramatically. In Russia’s foreign trade turnover, the share of CIS states keeps decreasing. On June 25, at the meeting of...