Economic Integration in the Quality Ladder Model
نویسنده
چکیده
Here we perform the same kind of “integration experiments” as in Rivera-Batiz and Romer (1991), this time in the context of a “quality ladder model”, where international trade integration is not enough to prevent redundancy of R&D efforts. Thus a further kind of integration is analysed: “financial market integration”. We adopt as a setup the Simple Schumpeterian Model in Aghion and Howitt (2005), whose innovation technology differs sharply from the ones conceived by Rivera-Batiz and Romer in that it displays decreasing returns to scale. KeywoRds endogenous growth, international economic integration, innovation Jel ClassifiCation O33 , O34 , O16 , F15 IBMEC São Paulo. Address: Rua Quatá, 300 Vila Olímpia São Paulo SP Brazil – CEP: 04546-042. E-mail: [email protected]. (Recebido em novembro de 2005. Aceito para publicação em junho de 2007).
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