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| Author: | Jensen, R. Thursby, M. |
| Title: | A decision theoretic model of innovation, technology transfer, and trade. (!North-South) |
| Journal: | Review of Economic Studies
1987 : OCT, VOL. 54:180, p. 631-647 |
| Index terms: | TRADE INNOVATION TECHNOLOGY TRANSFER |
| Language: | eng |
| Abstract: | A dynamic North-West model of innovation, technology transfer and trade is analyzed. Northern firms conduct research and development using labour which has alternative uses producing in the research and development sector or in a nontraded good sector. Since technology transfer prevents the North from fully appropriating benefits of research and development, the optimal rate of innovation for either profit maximizing firms or a utility maximizing Northern planner is less than globally optimal. |
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