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This paper presents a dynamic North-South general equilibrium model with non- homothetic preferences. Innovation takes place in the rich North while firms in the poor South at random imitate products manufactured in the North. The model is able to generate endogenous product cycles as described...
Persistent link: https://www.econbiz.de/10010310089
This paper studies the patterns of trade and the incentives to innovate in an unequal global economy. We introduce non-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the effects of market integration on the...
Persistent link: https://www.econbiz.de/10010316861
This paper presents a dynamic North-South general-equilibrium model where households have non-homothetic preferences. Innovation takes place in a rich North while norms in a poor South imitate products manufactured in North. Introducing non-homothetic preferences delivers a complete...
Persistent link: https://www.econbiz.de/10011345557
One function of the agriculture is to contribute to landscape conservation by maintaining open landscapes and creating landscape diversity. Agricultural policy should sustain this function. In Switzerland, like in other European countries, three main complexity-dimensions hamper policy...
Persistent link: https://www.econbiz.de/10011332584
Interviews with Swiss farmers lead to the hypotheses that production decisions, also in crop growing, are not made annually, but similarly to investment decisions in the long run. This hypothesis is backed by non-parametric time-series analysis for Switzerland and Germany. This creates a...
Persistent link: https://www.econbiz.de/10015079312