| 来源类型 | Working papers |
| 规范类型 | 论文 |
| DOI | 10.3929/ethz-a-005974644 |
| Resource wealth, innovation and growth in the global economy | |
| Peretto, Pietro F.; Valente, Simone | |
| 发表日期 | 2010-01 |
| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH) |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy. Productivity growth in both countries is driven by endogenous innovations. The effects of a sudden increase in the resource endowment depend crucially on the elasticity of substitution between resources and labor in interme-diates production. Under substitution (complementarity), the resource boom generates higher (lower) resource income, lower (higher) employment in the resource-intensive sector, higher (lower) knowledge creation and faster (slower) growth in the resource-rich economy. The resource-poor economy adjusts to the shock by raising (reducing) the relative wage, and experiences a positive (negative) growth effect that is exclusively due to trade. |
| 主题 | Endogenous growth ; Endogenous technological change ; Natural resources ; International trade |
| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/27074 |
| 来源智库 | Centre for Energy Policy and Economics (Switzerland) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266671 |
| 推荐引用方式 GB/T 7714 | Peretto, Pietro F.,Valente, Simone. Resource wealth, innovation and growth in the global economy. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| eth-682-01.pdf（1375KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| eth-682-01.jpg（3KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| 文件名： | eth-682-01.jpg |
| 格式： | JPEG |
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