Titlebook: Global Competition and Integration; Ryuzo Sato,Rama V. Ramachandran,Kazuo Mino Book 1999 Springer Science+Business Media New York 1999 Dis

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Transport Costs and Patterns of International Trade the number of goods exceeds the number of factors and if the conditions for factor price equalization (i.e., identical production technologies and similar resource compopsition between the country and the rest of the world, and zero transport costs) are satisfied. See Samuelson [1953–54]. On the ot

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Expanding the Purchase of a Foreign Intermediate Good: An Analysis of Vies and Content Protection Uny rapid increases in Japanese exports to the United States. To ease the friction, voluntary export restraints (VERs) were often imposed.. Since mid 1980’s, the openness of Japanese markets has been the heart of the friction. The US government has accused Japan of closed markets on the basis of her h

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Estimation of Biased Technical Progress led the economic profession to explore four questions: (i) How important is technological and technical progress in the process of economic growth? (ii) What is the cause of technical progress - is it exogenous or endogenous to the economic system? (iii) How is technological change transmitted into

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Imitation and Innovation in Complex Marketse innovating firm’ supranormal profits to the point where it does not recoup its research and development costs. The industry will then face an incentive failure, that is, firms will have insufficient incentive to develop innovations in the first place. Such is the main argument in support of patent

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New Derivation of Conservation Laws for Optimal Control Problem and its Application to Economic Grownciple. Hartwick introduced and investigated the savings-investment rule (so-called Hartwick’s rule) in the problem, first for a model with only one exhaustible resource[2] and then with many exhaustible resources [3]. He showed that Hartwick’s rule (together with Hotelling’s rule [5]) yields the in