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The New Product Choice of an Innovating Country
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chae, Suchan | - |
dc.contributor.author | Smith, Gordon W. | - |
dc.date.accessioned | 2009-01-16T05:08:32Z | - |
dc.date.available | 2009-01-16T05:08:32Z | - |
dc.date.issued | 1993-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.6 No.2, pp. 127-148 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1016 | - |
dc.description.abstract | We analyze a North-South product-cycle model where the innovating North can choose both the rate of product innovation and the allocation of new products between two multi-commodity sectors, one in which it has a comparative advantage and the other in Which the South has a comparative advantage. The relative wage of the North is an increasing function of its penetration in the Southern sector. If the degree of comparative advantage is below a critical point, the North maximizes its welfare by invading the Southern sector, resulting in global inefficiency. However, with a licensing agreement, Pareto improvement can be made through bargaining between the two countries. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | North-South product-cycle model | - |
dc.subject | targeting | - |
dc.subject | Cobb Douglas Utility | - |
dc.title | The New Product Choice of an Innovating Country | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 채수찬 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 148 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 127-148 | - |
dc.citation.startpage | 127 | - |
dc.citation.volume | 6 | - |
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