Product cycles and growth cycles
Product cycles and growth cycles
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DOI：
10.1016/j.jinteco.2016.11.004
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发表时间：
2017-03
影响因子：
3.3
通讯作者：
Tatsuro Iwaisako;Hitoshi Tanaka
中科院分区：
文献类型：
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作者：
Tatsuro Iwaisako;Hitoshi Tanaka
本文从理论上表明，通过南方国家的模仿，生产从发达国家（北方国家）向发展中国家（南方国家）的转移可以引起内生增长周期。在均衡路径上，世界经济持续增长，但创新、模仿和增长率可能永远波动。为了证明这一点，我们构建了一个两国重叠代模型，其中北方开发新产品，南方内部模仿这些产品。一个关键的假设是模仿过程中的国际知识溢出。该模型表明，当南方的模仿更为活跃时，增长周期往往会出现。
This paper theoretically shows that shifts in production from developed countries (the North) to developing countries (the South) through imitation by the South can cause endogenous growth cycles. On the equilibrium path, the world economy continues to grow, but innovation, imitation, and the growth rate may permanently fluctuate. To show this, we construct a two-country overlapping generations model where the North develops new goods and the South imitates these goods endogenously. A key assumption is international knowledge spillover in the imitation process. The model implies that growth cycles tend to emerge when imitation in the South is more active.