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For developing countries, a technological catch-up is sometimes a prerequisite for endorsement of trade agreements. This paper compares sequential trade liberalization through a preferential trade agreement (PTA) and one-shot multilateral trade liberalization with respect to the speed with which...
Persistent link: https://www.econbiz.de/10014193322
productivity not only increases the likelihood of exporting, but also the chances of firm survival and continued export market …
Persistent link: https://www.econbiz.de/10009686530
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011401020
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10014132720
knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with … productivity, to a ?Marxian? zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10010262477
productivity not only increases the likelihood of exporting, but also the chances of firm survival and continued export market …
Persistent link: https://www.econbiz.de/10010294475
In this paper, we theoretically investigate the role of technology level in Global Value Chain (GVC) formation from two aspects: position and participation volume. We develop a simple two-country model where countries are heterogeneous with respect to their technology level and labor force. In...
Persistent link: https://www.econbiz.de/10011982806
framework to the analysis of international technology diffusion, trade, cross-country productivity differences, financial …
Persistent link: https://www.econbiz.de/10012713370
We consider an endogenous growth model with international trade in complementary capital goods. The model possesses several distinct, balanced growth solutions, which we classify using stability under adaptive learning. Some of the equilibria can involve growth rates much higher than others. We...
Persistent link: https://www.econbiz.de/10014113700