全球智库信息集成服务系统(G2TT): Trade, envy and growth: international status seeking in a two-country world

G2TT

来源类型	Working papers
规范类型	论文
DOI	10.3929/ethz-a-005229410
	Trade, envy and growth: international status seeking in a two-country world
	Valente, Simone
发表日期	2006-07
出版者	ETH Zurich, Center of Economic Research (CER-ETH)
出版年	2006
语种	英语
摘要	This paper analyzes a two-country model with international status seeking: utility in the status-seeking country is affected by consumption gaps with the status leader. The analysis employs the benchmark neoclassical growth model of trade, with asymmetric endowments and heterogeneous goods. In this setup, transboundary envy reshapes consumption behaviour and modifies transitional dynamics. It is shown that the status-seeker experiences consumption overshooting: consumption per capita grows beyond the long-run equilibrium level, and approaches the steady-state from above. Terms-of-trade dynamics become non-monotonic, and there always exist a critical interval of time during which envy reverts the growth differential in favor of the initially poor country.
主题	Consumption externalities ; International trade ; Two-country models
URL	https://www.research-collection.ethz.ch/handle/20.500.11850/46307
来源智库	Centre for Energy Policy and Economics (Switzerland)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/266646
推荐引用方式 GB/T 7714	Valente, Simone. Trade, envy and growth: international status seeking in a two-country world. 2006.

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eth-28927-01.pdf（1097KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
eth-28927-01.jpg（3KB）	智库出版物		限制开放	CC BY-NC-SA	浏览