The paper presents a multi-product two-country overlapping generations model of trade and innovation. The authors show that for a low level of innovation (imitation) in the South, firms in the North innovate at a level which guarantees a long-term technological gap between the North and the South. However, a high innovation level in the South leads to a situation where the South can catch up the North in a finite time. This model differs from the existing literature in two major aspects. (1) Except for the head start of the North they assume that the North and the South are identical with respect to factor endowment and their ability to develop new goods. (2) It is general enough to explain both the product cycle phenomena and catching-up process. Copyright 1991 by The Economic Society of Australia.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by The Economic Society of Australia in its journal The Economic Record.
Volume (Year): 67 (1991) Issue (Month): 198 (September) Pages: 217-26 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)