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作者：vanElkan, R
摘要：This paper develops a model of an open economy in which the stock of human capital may be augmented by either imitation or innovation. Productivity in imitation depends on the difference between the body of world knowledge and an individual's stock of human capital (the knowledge gap), while productivity in innovation depends on past behavior through learning-by-doing. The model predicts convergence of growth rates, hut no, (necessarily) of per capita income levels, in the steady state. An imp...
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作者：Turnovsky, SJ
摘要：This paper develops an endogenous growth model of a small open economy. Domestic capital accumulation involves convex costs of adjustment, a consequence of which is that no steady-state growth path may exist. The equilibrium growth rates of domestic capital and consumption are determined largely independently. The former is determined by production conditions, the latter is determined primarily by tastes. Various fiscal issues are discussed, beginning with the effects of taxes on growth and we...
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作者：Cooper, RN
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作者：Feenstra, RC; Gagnon, JE; Knetter, MM
作者单位：Dartmouth College; University of California System; University of California Davis; Federal Reserve System - USA; National Bureau of Economic Research
摘要：Using a Bertrand differentiated products model we show that pass-through should be high for exporters based in a country with a very large share of total destination market sales. For source countries with small and intermediate market shares, the relationship is potentially nonlinear and sensitive to assumptions about demand and firm interactions. The model is estimated using a panel data set of automobile exports from four source countries to 12 destination markets over the period 1970-88. T...
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作者：FernandezRuiz, J
摘要：The incentive problems associated with 'debt overhang' have been shown to make debt forgiveness potentially Pareto-improving. Models studying this argument abstract from the long-term character of the credit relationship. We show that the debt forgiveness argument is strengthened when incentive problems are considered in a multi-period context.
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作者：Smith, GW
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作者：Friedman, D; Fung, KC
作者单位：University of California System; University of California Santa Cruz
摘要：Masahiko Aoki and others have distinguished two alternative modes for a firm's internal organization. We argue that the profitability of each mode depends on the distribution of firms across modes and on the general economic environment. We characterize the evolutionary equilibria in both a parametric and a general model, and argue that corner equilibria predominate. We analyze the effects of trade between the two countries in (a) outputs only and (b) inputs (factors) as well as outputs. Our m...
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作者：Levinsohn, J
