| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4117 |
| DP4117 Three Models of Imperfect Transparency in Monetary Policy | |
| Andrew Hughes Hallett; Maria Demertzis | |
| 发表日期 | 2003-11-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We develop a two-country general equilibrium model where firms make separate choices about the location of R&D and high-tech production. There are two agglomeration forces: R&D spillovers and backward linkages associated with high-tech production. The latter tends to attract production to the larger economy. We show that, for relatively weak R&D spillovers and intermediate trade costs, the smaller economy tends to specialize in R&D. For certain parameterizations, both concentration and dispersion of R&D activities are possible outcomes. Hosting an agglomeration of R&D activities does not necessarily lead to welfare gains. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Monopolistic competition R&d High-tech production Agglomeration economies |
| URL | https://cepr.org/publications/dp4117 |
| 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/533092 |
| 推荐引用方式 GB/T 7714 | Andrew Hughes Hallett,Maria Demertzis. DP4117 Three Models of Imperfect Transparency in Monetary Policy. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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