G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3594
来源IDWorking Paper 3594
International Trade with Endogenous Technological Change
Luis A. Rivera-Batiz; Paul M. Romer
发表日期1991
出版年1991
语种英语
摘要To explain why trade restrictions sometimes speed up worldwide growth and sometimes slow it down, we exploit an analogy with the theory of consumer behavior. substitution effects make demand curves slope down, but income effects can increase or decrease the slope, and can sometimes overwhelm the substitution effect. We decompose changes in the worldwide growth rate into two effects (integration and redundancy) that unambiguously slow down growth, and a third effect (allocation) that can either speed it up or slow it down. We study two types of trade restrictions to illustrate the use of this decomposition. The first is across the board restrictions on traded goods in an otherwise perfect market. The second is selective protection of knowledge-intensive goods in a world with imperfect intellectual property rights. In both examples, we show that for trade between similar regions such as Europe and North America, the first two effects dominate; starting from free trade, restrictions unambiguously reduce worldwide growth.
主题Macroeconomics ; International Economics
URLhttps://www.nber.org/papers/w3594
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560896
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GB/T 7714
Luis A. Rivera-Batiz,Paul M. Romer. International Trade with Endogenous Technological Change. 1991.
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