American Economic Review · 1990 · 742 citations · 10 references
Social SciencesBusiness EconomicsEconomicsIndustrial OrganizationInternational TradeLabor EconomicsBusiness CyclesComparative AdvantageDevelopment CompetitionDynamic CompetitionNorth-south Economic RelationsProduct InnovationIndustry Life Cycle EffectsNorth-south RelationsNorth-south Trade ImbalancesNorth-south Trade LiberalizationProduction EconomiesResearch RacesSchumpeterian EconomicsSchumpeterian Growth Theory
This paper presents a dynamic general equilibrium model of North-South trade in which research and development races between firms determine the rate of product innovation in the North. Tariffs designed to protect dying industries in the North from Southern competition reduce the steady-state number of dominant firms in the North, reduce the rate of product innovation, and increase the relative wage of Northern workers. Copyright 1990 by American Economic Association.
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Market Structure and Innovation.
P. Lesley Cook, Morton I. Kamien, Nancy L. Schwartz · The Economic Journal · 1982 · 1.5K citations
Learning by Doing and the Introduction of New Goods
Nancy L. Stokey · Journal of Political Economy · 1988 · 469 citations