| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5897 |
| DP5897 Intangible Capital, Corporate Valuation and Asset Pricing | |
| Jean-Pierre Danthine; Xiangrong Jin | |
| 发表日期 | 2006-10-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper develops a dynamic general equilibrium model of North-South trade and economic growth. Both innovation and imitation rates are endogenously determined as well as the degree of wage inequality between Northern and Southern workers. Northern firms devote resources to innovative R&D to discover higher quality products and Southern firms devote resources to imitative R&D to copy state-of-the-art quality Northern products. The steady-state equilibrium and welfare implications of three aspects of globalization are studied: increases in the size of the South (i.e., countries like China joining the world trading system), stronger intellectual property protection (i.e., the TRIPs agreement that was part of the Uruguay Round) and lower trade costs. |
| 主题 | International Trade and Regional Economics |
| 关键词 | North-south trade Economic growth Globalization Trade costs Welfare |
| URL | https://cepr.org/publications/dp5897 |
| 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/534740 |
| 推荐引用方式 GB/T 7714 | Jean-Pierre Danthine,Xiangrong Jin. DP5897 Intangible Capital, Corporate Valuation and Asset Pricing. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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