| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10452 |
| DP10452 A Dynamic North-South Model of Demand-Induced Product Cycles | |
| Reto Foellmi | |
| 发表日期 | 2015-03-01 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | This paper presents a dynamic North-South general- equilibrium model where households have non-homothetic preferences. Innovation takes place in a rich North while firms in a poor South imitate products manufactured in North. Introducing non-homothetic preferences delivers a complete international product cycle as described by Vernon (1966), where the different stages of the product cycle are not only determined by supply side factors but also by the distribution of income between North and South. We ask how changes in Southern labor productivity, South's population size and inequality across regions affects the international product cycle. In line with presented stylized facts about the product cycle we predict a negative correlation between adoption time and per capita incomes. |
| 主题 | International Macroeconomics ; Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Product cycles Inequality International trade |
| URL | https://cepr.org/publications/dp10452 |
| 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/539284 |
| 推荐引用方式 GB/T 7714 | Reto Foellmi. DP10452 A Dynamic North-South Model of Demand-Induced Product Cycles. 2015. |
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