文章基本信息

标题：Dynamics of General Purpose Technologies in an Open Economy
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作者：Chung, Jaiho ; Hwang, Joon Ho
期刊名称：Hitotsubashi Journal of Economics
印刷版ISSN：0018-280X
出版年度：2009
卷号：50
期号：2
出版社：Maruzen Company Ltd
摘要：While the Helpman-Trajtenberg model is successful in explaining the macroeconomic cycle generated by GPT in the context of a closed economy, open-economy implications regarding GPT have received scant attention. We seek to ﬁll such void in the previous literature by developing a dynamic North-South trade model with GPT. Our major ﬁndings are: 1) the introduction of GPT causes a product cycle from the North to the South followed by a reverse product cycle from the South to the North; 2) the presence of trading partner can cushion the macroeconomic shock experienced by the North.
关键词：Open Economy; General Purpose Technologies; Trade Pattern; Real GDP Growth