A Decision Theoretical Model of Innovation, Technology Transfer, and Trade
dc.contributor.author | Jensen, Richard | en_US |
dc.contributor.author | Thursby, Marie C. | en_US |
dc.date.accessioned | 2013-11-14T23:21:17Z | |
dc.date.available | 2013-11-14T23:21:17Z | |
dc.date.issued | 1987--04 | en_US |
dc.identifier.other | MichU DeptE ResSIE D199 | en_US |
dc.identifier.other | O330 | en_US |
dc.identifier.other | O310 | en_US |
dc.identifier.other | F110 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/100800 | |
dc.description.abstract | We analyze a dynamic North-South model of innovation, technology transfer, and trade. Northern firms conduct R and D using labor which has alternative uses producing in the R and D sector or a nontraded good sector. Since technology transfer prevents the North from fully appropriating benefits of R and D, the optimal rate of innovation for either profit maximizing firms or a utility maximizing Northern planner is less than globally optimal. An increased transfer rate intensifies competition of lower wage Southern workers with Northern workers in production, so profit maximizing Northern firms (irrespective of their number or cooperation in R and D) reallocate labor toward R and D. | en_US |
dc.description.sponsorship | Research Seminar in International Economics, Department of Economics, University of Michigan | en_US |
dc.relation.ispartofseries | Seminar Discussion Paper | en_US |
dc.subject | Innovation | en_US |
dc.subject | Model | en_US |
dc.subject | Technology Transfer | en_US |
dc.subject | Trade | en_US |
dc.subject.other | Technological Change: Choices and Consequences | en_US |
dc.subject.other | Diffusion Processes | en_US |
dc.subject.other | Innovation and Invention: Processes and Incentives | en_US |
dc.subject.other | Neoclassical Models of Trade | en_US |
dc.title | A Decision Theoretical Model of Innovation, Technology Transfer, and Trade | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/100800/1/ECON260.pdf | |
dc.owningcollname | Economics, Department of - Working Papers Series |
Files in this item
-
Economics, Department of - Working Papers Series
Working papers from the Department of Economics
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.