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  • 标题:Can social norms affect the international allocation of innovation?"
  • 本地全文:下载
  • 作者:Guido Cozzi
  • 期刊名称:Departmental Discussion Papers / University of Glasgow, Department of Economics
  • 出版年度:2008
  • 卷号:1
  • 出版社:University of Glasgow, Department of Economics
  • 摘要:If economic agents coordinate on social norms more oriented towards the protection of national industries, an asymmetric in- ternational specialization in the research and development (R&D) arises even in a tari¡èfree world with no a priori di¡èerences across countries in endowments, demography or technology. This paper exploits the indi¡èerence in the composition of R&D expenditure across sectors of the typical multi-sector Schumpeterian framework (forward-looking decisions, CRS R&D technology and free entry) to construct a theory of the international allocation of innovation and education based on sunspot equilibrium. A role for industrial policies as mere coordination devices emerges in an international Schumpeterian framework. The implications for the relationships between inequality and growth are examined.
  • 关键词:Schumpeterian Growth Theory, Inequality, Interna- tional Trade, Social Norms, Indeterminacy, Sunspots.
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