Trade in final goods and the impact of innovation
This paper analyses how innovations in imported final goods impact via terms of trade effects upon welfare growth in the domestic economy. It is shown that the impacts, although differing across countries, are quantitatively significant and worthy of further consideration.
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- Gopinath, Munisamy & Kennedy, P. Lynn & Roe, Terry L., 1995. "Trade, growth, and welfare linkages in North America: An empirical analysis," The North American Journal of Economics and Finance, Elsevier, vol. 6(2), pages 189-201. Full references (including those not matched with items on IDEAS)