| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2266 |
| DP2266 Re-Employment Probabilities and Returns to Matching | |
| Barbara Petrongolo | |
| 发表日期 | 1999-10-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We consider an endogenous growth model that includes international trade in capital goods. The model yields several distinct balanced growth solutions that can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than others. The impact of international trade on the equilibria include local (differential) effects and global bifurcation (global) changes. If a favourable bifurcation occurs, equilibria associated with low growth disappear. This phenomenon suggests a possible explanation for observations in which active international trade by some countries seems to have been associated with periods of exceptionally high growth. We show that equivalent bifurcation effects can be induced in autarky using domestic industry subsidies. However, such subsidization can be very costly. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Innovation International trade Multiple equilbria Technology policy |
| URL | https://cepr.org/publications/dp2266 |
| 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/531360 |
| 推荐引用方式 GB/T 7714 | Barbara Petrongolo. DP2266 Re-Employment Probabilities and Returns to Matching. 1999. |
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