| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Growth, Conventional Production and Tourism Specialisation: Technological Catching-up Versus Terms-of-Trade Effects |
| Simone Valente
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| 发表日期 | 2005
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2005
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| 语种 | 英语
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| 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
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| 关键词 | Endogenous growth,Two-country models,Technology diffusion,Trade specialization
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| 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/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117252
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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：
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NDL2005-140.pdf
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格式：
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Adobe PDF
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