G2TT
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
URLhttps://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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NDL2005-140.pdf(495KB)智库出版物 限制开放CC BY-NC-SA浏览
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