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-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10013105566
-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10009742589
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013419262
We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To …. We show that inequality affects growth very differently in an open economy as opposed to a closed economy: If the economy … is close to the technological frontier, the positive demand effect of inequality on growth found in closed-economy models …
Persistent link: https://www.econbiz.de/10013244297
Empirical evidence shows that R&D spending is highly correlated with firm productivity, highly concentrated among large firms, and responsive to trade liberalization. This paper develops a model of product upgrading with heterogeneous firms that captures these characteristics by allowing firms...
Persistent link: https://www.econbiz.de/10013129071
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …-run welfare. -- Endogenous Growth ; Intellectual Property Rights ; Trade ; Dynamic Game …
Persistent link: https://www.econbiz.de/10009244152
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …
Persistent link: https://www.econbiz.de/10009312504
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …
Persistent link: https://www.econbiz.de/10013092583
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities … growth model. …
Persistent link: https://www.econbiz.de/10014024246
We augment the canonical neoclassical model of trade to allow for interstate disputes over land, oil, water, or other resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade, the larger country (in terms of factor...
Persistent link: https://www.econbiz.de/10003850881