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Persistent link: https://www.econbiz.de/10012240980
This paper presents a simple North-South model of endogenous growth, based on learning by doing, which is consistent with the following empirical observations: (i) the price of investment goods relative to consumption goods has been falling for the last 40 years in most industrialized countries,...
Persistent link: https://www.econbiz.de/10010294517
This paper presents a simple North-South model of endogenous growth, based on learning by doing, which is consistent with the following empirical observations: (i) the price of investment goods relative to consumption goods has been falling for the last 40 years in most industrialized countries,...
Persistent link: https://www.econbiz.de/10010296373
This dissertation presents two essays on endogenous growth and renewable resources. The first essay explores the role of renewable resources in a tractable model of endogenous growth driven by horizontal and vertical innovation in the closed economy. The model is tractable in that it yields a...
Persistent link: https://www.econbiz.de/10009475394
This paper formalizes international status seeking in a two-country model of endogenous growth: utility of agents in developing countries is affected by consumption gaps with advanced economies. By distorting intertemporal choices, envy tends to revert growth differentials in favor of the...
Persistent link: https://www.econbiz.de/10011753139
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10011753188
Since 1980, the aggregate income of oil-exporting countries relative to that of oil- poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource- poor (Home) and resource-rich (Foreign)...
Persistent link: https://www.econbiz.de/10011753196
We build a two-country model of endogenous growth to study the welfare effects of taxes on tradable primary inputs when countries engage in asymmetric trade. We obtain explicit links between persistent gaps in productivity growth and the incentives of resource exporting (importing) countries to...
Persistent link: https://www.econbiz.de/10011753303
This paper presents a dynamic two sector, two skill groups model of endogenous skill and sector specific technological change. The sectors refer to a "high-tech” and a "low-tech” sector of an economy. The direction of technological change is driven by market forces determined by the skill...
Persistent link: https://www.econbiz.de/10005392607
This paper contributes to the literature explaining firm-level heterogeneity in the extensive margin of trade, defined as the number of products exported by each firm. We develop a dynamic model where firms must invest in R&D to maintain and increase their portfolio of goods: the process of...
Persistent link: https://www.econbiz.de/10011265834