Economic Integration with Endogenous Technological Change in Knowledge-based Services

• 영문명: Economic Integration with Endogenous Technological Change in Knowledge-based Services: A New Economy
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Sang-Chul Yoon
• 간행물 정보: 『Journal of Economic Integration』제19권 제1호, 53~78쪽, 전체 26쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2004.03.31

영문 초록

This paper introduces a more sophisticated two-sector model of endogenous long-run growth without scale effects. The world economy consists of two similarly developed countries both of which are capable of producing manufacturings and services. The knowledge-based services as intermediate inputs are used most intensively in the service sector and in the ‘service’ functions of manufacturing sector. In order to highlight the implications of economic integration for long-run performance in the presence of digital markets, we conduct a sequence of comparisons of a country`s equilibrium growth path under the alternative scenarios of economic isolation and international integration. In this paper, we seek to reformulate the idea of Grossman and Helpman model to provide in further detail the nexus of increased productivity in the advanced economies through the digital marketplaces in the 1990s.

목차

Ⅰ. Introduction

Ⅱ. Basic Model

Ⅲ. Balanced Endogenous Growth without Scale Effect

Ⅳ. Trade in Knowledge-based Services and Flows of Knowledge

Ⅴ. Conclusion

키워드

Economic integration Growth without scale effects Intraindustry trade Knowledge-based services New economy