Inflation and Innovation in a Schumpeterian Economy with North-South Technology Transfer

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/44647

Title:	Inflation and Innovation in a Schumpeterian Economy with North-South Technology Transfer
Authors:	Chu, AC (Chu, Angus C.) Cozzi, G (Cozzi, Guido) Furukawa, Y (Furukawa, Yuichi) Liao, CH (Liao, Chih-Hsing)
Contributors:	經濟學系
Keywords:	RESEARCH-AND-DEVELOPMENT FOREIGN DIRECT-INVESTMENT INTELLECTUAL PROPERTY-RIGHTS ENDOGENOUS GROWTH DEVELOPING-COUNTRIES CAPITAL MODEL WELFARE COST SPILLOVERS CASH DETERMINANTS
Date:	2019-03
Issue Date:	2019-06-25 13:18:06 (UTC+8)
Abstract:	This study analyzes how inflation affects innovation and international technology transfer via cash-in-advance constraints on R&D. We consider a North-South quality-ladder model that features innovative Northern R&D and adaptive Southern R&D. We find that higher Southern inflation causes a permanent decrease in technology transfer, a permanent increase in the North-South wage gap, and a temporary decrease in the Northern innovation rate. Higher Northern inflation causes a temporary decrease in the Northern innovation rate, a permanent decrease in the North-South wage gap, and ambiguous effects on technology transfer. Finally, we calibrate the model to China-U.S. data to perform a quantitative analysis.
Relation:	Journal of Money, Credit and Banking Volume51, Issue2-3 March-April 2019 Pages 683-719
Appears in Collections:	[Department of Economics & Graduate Institute of Economics ] journal articles

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