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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Growth, Conventional Production and Tourism Specialisation: Technological Catching-up Versus Terms-of-Trade Effects | |
Simone Valente | |
发表日期 | 2005 |
出处 | Climate Change and Sustainable Development |
出版年 | 2005 |
语种 | 英语 |
摘要 | This paper extends the ’expanding-varieties’ growth model in a two-countries-two-goods setup, and describes the dynamics of growth rates and terms of trade when the industry-based economy is the innovation leader, while the tourism-based economy is the follower (i.e. increases the number of intermediate inputs by readapting innovations developed abroad). Two types of transitional dynamics may exist: technological catching-up and technological falling-behind. Contrary to the standard result, technological catching-up by the follower is associated with lower growth rates with respect to the leader, whereas terms-of-trade effects guarantee positive growth differentials for the tourism-based economy when the technological gap with the leader increases over time. The underlying principle of ’increased relative demand’ might explain the good economic performance observed in tourism-dependent economies. |
特色分类 | F12,F43,O33 |
关键词 | Endogenous growth,Two-country models,Technology diffusion,Trade specialization |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/growth-conventional-production-and-tourism-specialisation-technological-catching-up-versus-terms-of-trade-effects/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117252 |
推荐引用方式 GB/T 7714 | Simone Valente. Growth, Conventional Production and Tourism Specialisation: Technological Catching-up Versus Terms-of-Trade Effects. 2005. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
NDL2005-140.pdf(495KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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