Factor-Biased Technical Change and Specialization Patterns

• Autorzy: Jürgen Meckl , Ivan Savin
• Języki publikacji: EN

Abstrakty

EN

We analyze the medium- and long-run effects caused by an inflow of capital into a labor-abundant country. For that purpose, we incorporate directed technical change into a Heckscher-Ohlin model with a continuum of goods. This provides a comprehensive theory explaining the dynamics of comparative advantage based on differences in effective factor endowments, i.e. factor endowments adjusted by differences in technological levels. Our model constitutes an appropriate framework for understanding, e.g., the empirically observed changes in industrial structures of Central and Eastern European countries. Furthermore, we provide a theoretical foundation for the empirical Prospective Comparative Advantage index with new insights into the future dynamics of comparative advantage. Eventually, we show the importance of research spillovers and state dependence on the process of convergence. (original abstract)

Słowa kluczowe

EN

Technological change; Comparative benefits; Innovations

PL

Zmiany technologiczne; Korzyści komparatywne; Innowacje

• Czasopismo: Central European Journal of Economic Modelling and Econometrics (CEJEME)
• Rocznik: 2018
• Tom: 10
• Numer: nr 2
• Strony: 75--100

Twórcy

autor

Jürgen Meckl

• Justus-Liebig-University Giessen, Germany

autor

Ivan Savin

• Karlsruhe Institute of Technology, Germany; Université de Strasbourg - CNRS, France; Ural Federal University, Russian Federation

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