Innovation and Production in the Global Economy
نویسندگان
چکیده
منابع مشابه
Resource Wealth, Innovation and Growth in the Global Economy
We analyze the relative growth performance of open economies in a two-country model where di¤erent endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for nal manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The e¤ects of a sudden incr...
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The relative performance of open economies is analyzed in an endogenous growth model with asymmetric trade. A resource-rich country trades resource-based intermediates for final goods produced by a resource-poor economy. The effects of an increase in the resource endowment depend on the elasticity of substitution between resources and labor in intermediates’ production. Under substitution (comp...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2018
ISSN: 0002-8282
DOI: 10.1257/aer.20141743