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|Innovation and growth effects of capital mobility
|Souza, Eduardo Correia de
Batista, Jorge Chami
|In this paper we combine a model of Ricardian comparative advantages as in Dornbusch, Fisher and Samuelson (1977) with Grossman & Helpman's (1991) Schumpeterian quality ladder model and derive the consequences of absence of international capital mobility for the pattern of trade and the world rate of growth through innovation. Our analysis differs from that already made by Taylor (1994) in that the absence of capital mobility will here bring forth an infringement of comparative advantages which is by itself a factor of reduction in world growth. We also do some rough calibration of our model in order to compare it to the neoclassical growth model as to how big are the welfare losses from the absence of international capital mobility.
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|Ciências Sociais Aplicadas
|O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR
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|R_Evento_2007_Innovation and growth effects_TC.pdf
|R_Evento_2007_Innovation and growth effects_TC
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