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progress occurs via innovation or imitation, while growth is driven by technological advances in the quality of domestically …. Free trade generally results in a positive feedback effect between Southern imitation and Northern innovation yielding a …
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This paper revisits the question of gains from trade in a dynamic setting from the perspective of an R&D based growth model of technological diffusion. The transition paths, as well as steady-state growth paths, are analyzed for a developed and a developing nation trading in intermediate and...
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progress occurs via innovation or imitation, while growth is driven by technological advances in the quality of domestically …. Free trade generally results in a positive feedback effect between Southern imitation and Northern innovation yielding a …
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