Growth, Trade, and Inequality

• 成果类型: Article
• 署名作者: Grossman, Gene M.; Helpman, Elhanan
• 署名单位: Princeton University; Harvard University; Canadian Institute for Advanced Research (CIFAR)
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA14518
• 发表日期: 2018
• 页码: 37-83
• 关键词: economic-growth; income

摘要

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research activity or a manufacturing sector. Research projects generate new varieties of a differentiated product. Projects differ in quality and the resulting technologies differ in productivity. In both sectors, there is a complementarity between firm quality and worker ability. We study the co-determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy in one country to outcomes in others.