How the globalization of R&D competition affects trade and growth
- Authors
- Lee, Gwanghoon
- Issue Date
- Sep-2004
- Publisher
- BLACKWELL PUBL LTD
- Citation
- JAPANESE ECONOMIC REVIEW, v.55, no.3, pp 267 - 285
- Pages
- 19
- Journal Title
- JAPANESE ECONOMIC REVIEW
- Volume
- 55
- Number
- 3
- Start Page
- 267
- End Page
- 285
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/24777
- DOI
- 10.1111/j.1468-5876.2004.00276.x
- ISSN
- 1352-4739
1468-5876
- Abstract
- The implications of international R&D competition on trade and growth are investigated. The model is one in which a separate R&D sector competes with the manufacturing sector to secure human capital, and technology is licensed to manufacturers by the winner of a pre-emptive R&D competition. The results show that globalization of R&D competition leads to trade between countries (even identical countries), because the result of competition leads to a reallocation of human capital between sectors. The winning country exports technology and traditional goods, while the loser exports manufactured goods. Globalization with indiscriminate technology licensing increases the world's economic growth rate.
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Collections - College of Business & Economics > School of Economics > 1. Journal Articles
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