| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP12387
|
| DP12387 Engel's Law in the Global Economy: Demand-induced Patterns of Structural Change, Innovation, and Trade |
| Kiminori Matsuyama
|
| 发表日期 | 2017-10-19
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | Endogenous demand composition across sectors due to nonhomothetic demand (Engel’s Law) affects i) sectoral compositions in employment and in value-added, ii) variations in innovation rates and in productivity change across sectors, iii) intersectoral patterns of trade across countries, and iv) migration of industries from rich to poor countries. This paper offers a unifying perspective on how economic growth and globalization affects the patterns of structural change, innovation and trade across countries and across sectors in the presence of Engel’s Law. To this end, we develop a two-country model of directed technological change with a continuum of sectors under nonhomothetic preferences, which is rich enough to capture all these effects as well as their interactions. Among the main messages is that globalization amplifies, instead of reducing, the power of endogenous domestic demand composition differences as a driver of structural change. |
| 主题 | International Trade and Regional Economics
; Macroeconomics and Growth
|
| 关键词 | Isoelastically nonhomothetic ces
Implicit (direct and indirect) additivity
The schmookler effect
The linder effect
Vernon’s product cycle hypothesis
Factor price convergence
Leapfrogging
Trade patterns reversal
Log-supermodularity
Monotone comparative statics
|
| URL | https://cepr.org/publications/dp12387
|
| 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/541198
|
推荐引用方式
GB/T 7714 |
Kiminori Matsuyama. DP12387 Engel's Law in the Global Economy: Demand-induced Patterns of Structural Change, Innovation, and Trade. 2017.
|
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