| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP914 |
| DP914 Regional Convergence in the European Community | |
| Damien J. Neven; Claudine Gouyette | |
| 发表日期 | 1994-02-28 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | Poor countries must specialize in standardized, labour-intensive commodities. Middle-income countries may have a richer menu of options available to them if their labour force is reasonably well-educated and skilled. This paper is motivated by the possibility that there may exist multiple specialization patterns for countries of the second type. What creates the multiplicity of equilibria is a coordination problem inherent in high-tech activities. It is assumed that high-tech production requires a range of differentiated intermediate inputs that are non-tradable. For the high-tech sector to become viable, a sufficiently large number of intermediates has to be produced domestically. But if none is currently being produced, there is little incentive for any single firm to do so on its own. The economy may get stuck in a low-wage, low-tech equilibrium -- even though the high-tech sector is viable. As long as the high-tech sector is more capital-intensive than the low-tech sector, a high-wage policy would stimulate the high-tech sector and be welfare-enhancing. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Technology Trade strategy Wage policy |
| URL | https://cepr.org/publications/dp914 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530052 |
| 推荐引用方式 GB/T 7714 | Damien J. Neven,Claudine Gouyette. DP914 Regional Convergence in the European Community. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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