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We build a growth model with status preference to explore the effects of patent protection on innovation, inequality … innovation. In addition, the effect of patent protection on social welfare is non-monotonic when the strength of status …
Persistent link: https://www.econbiz.de/10010819261
are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation …
Persistent link: https://www.econbiz.de/10012161735
This article is a prepublication transcript of ‘Has the Empire Struck Back?’ in Albritton, R, Makoto Itoh, Richard Westra and Alan Zuege (eds) Phases of Capitalist Development: Booms, Crises, and Globalization, pp195-215. London: McMillan. ISBN 0 33375 316 X The paper conducts an empirical...
Persistent link: https://www.econbiz.de/10005789594
negatively the growth gains from trade liberalisation. Variations in the growth rate of value added–decomposed in the growth rate … countries before and after trade liberalisation are used to study the effects of inequality on the difference in growth under … industries with low dependence on external finance in countries with lower inequality following a trade liberalisation relative …
Persistent link: https://www.econbiz.de/10010702782
are complements to machines and low-skilled workers are substitutes for machines. The model predicts that innovation …
Persistent link: https://www.econbiz.de/10011967467
machines. The model predicts that innovation-driven growth leads to increasing automation, an increasing skill premium, an …
Persistent link: https://www.econbiz.de/10011754898
We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of labor: highskilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovationdriven growth leads to...
Persistent link: https://www.econbiz.de/10011620796
machines. The model predicts that innovation-driven growth leads to increasing automation, an increasing skill premium, an …
Persistent link: https://www.econbiz.de/10011754634
We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of labor: highskilled labor that is complementary to machines and low-skilled labor that is a substitute for machines. The model predicts that innovationdriven growth leads to...
Persistent link: https://www.econbiz.de/10011620638
This paper studies cross-country patterns of economic growth from the viewpoint of income distribution dynamics. Such a perspective raises new empirical and theoretical issues in growth analysis: the profound empirical regularity is an ‘emerging twin peaks’ in the cross-sectional...
Persistent link: https://www.econbiz.de/10005792305