Tariffs, Endogenous Growth, and the Direction of Capital Flows

• 영문명: Tariffs, Endogenous Growth, and the Direction of Capital Flows
• 발행기관: 서울대학교 경제연구소
• 저자명: Wataru Johdo
• 간행물 정보: 『Seoul Journal of Economics』Volume 36 No.3, 305~324쪽, 전체 20쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2023.08.31

영문 초록

This paper incorporates tariffs into a two-country endogenous growth model to analyze the growth effects of a unilateral increase in a tariff rate in each country given global knowledge spillovers in research and development. This paper shows that a unilateral increase in the tariff rate of one country lowers the world rate of growth under certain conditions. In addition, this paper shows that if the home country’s initial capital stock is smaller (larger) than the foreign country’s initial capital stock, then net capital flows occur from the foreign (home) country to the home (foreign) country

목차

Ⅰ. Introduction

Ⅱ. Model Structure

Ⅲ. Firm Sizes and Locations

Ⅳ. R&D Sector

Ⅴ. Effects of a Unilateral Tariff Increase

Ⅵ. Conclusion

References

키워드

Tariff Knowledge spillover Industrial location Growth R&D investment