Chui, Michael; Currie, David; Levine, Paul L; Pearlman, … - C.E.P.R. Discussion Papers - 1996
In this paper, we develop a North-South endogenous growth model to examine three phases of development in the South …: imitation of Northern products; imitation and innovation; and finally, innovation only. In particular, the model has the …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of …