A dynamic North-South model of demand-induced product cycles
This paper presents a dynamic North-South general-equilibrium model where households have non-homothetic preferences. Innovation takes place in a rich North while firms in a poor South imitate products manufactured in the North. Introducing non-homothetic preferences delivers a complete internationa...
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Format: | UnknownFormat |
Sprache: | eng |
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Swiss National Bank
2015
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Schriftenreihe: | SNB working papers
2015,4 |
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