G2TT
来源类型Working papers
规范类型论文
DOI10.3929/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
URLhttps://www.research-collection.ethz.ch/handle/20.500.11850/46307
来源智库Centre for Energy Policy and Economics (Switzerland)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/266646
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GB/T 7714
Valente, Simone. Trade, envy and growth: international status seeking in a two-country world. 2006.
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