Showing 1 - 6 of 6
interest is to study the process of contagion where by one action 'spreads throughout the population' and becomes conventional …. We vary the network of player interaction between a regular lattice and a random network allowing us to model contagion … possibility of contagion and the rate of contagion. …
Persistent link: https://www.econbiz.de/10010290638
In a two-stage R&D game of process innovation, we investigate the effect of exogenously changing R&D spillovers and market concentration on the equilibrium level of effective cost reduction, total output, profits and social welfare. Interpreting spillover as a measure of patent protection, we...
Persistent link: https://www.econbiz.de/10010277818
Empirical studies on aggregate export behaviour have recently emphasised the role played by innovation as the main force driving product differentiation and competitiveness for developed countries. These studies treat foreign innovation as a variable that affects negatively national export...
Persistent link: https://www.econbiz.de/10010290660
Persistent link: https://www.econbiz.de/10010290662
We analyze the sources of current account fluctuations for the G6 economies. Based on Bergin and Sheffrin's (2000) two-goods inter-temporal framework, we build a SVAR model including the world real interest rate, net output, real exchange rate, and the current account. The theory model allows...
Persistent link: https://www.econbiz.de/10010277812
We revisit the debate on the sustainability of the current account dynamics in the US. Using the concept of sustainability as the ability to meet the long run intertemporal budget constraint, we test for unit roots in the US current account for the 1960-2004 period. We argue that there are...
Persistent link: https://www.econbiz.de/10010290645