Dynamics of General Purpose Technologies in an Open Economy

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概要

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• While the Helpman-Trajtenberg model is successful in explaining the macroeconomic cycle generated by GPT in the context of a closed economy, open-economy implications regarding GPT have received scant attention. We seek to fill such void in the previous literature by developing a dynamic North-South trade model with GPT. Our major findings are : 1) the introduction of GPT causes a product cycle from the North to the South followed by a reverse product cycle from the South to the North; 2) the presence of trading partner can cushion the macroeconomic shock experienced by the North.

著者

• Chung Jaiho

  Korea University

• Hwang Joon

  Korea University

• Hwang Joon

  Korea Science And Engineering Foundation (kosef)

関連論文

• Dynamics of General Purpose Technologies in an Open Economy
• Enhancement of Phosphate Desorption by Silicate in Soils with Salt Accumulation(Soil Chemistry and Mineralogy)

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