Welcome Globalization , R & D and Endogenous Choice of Technology

This paper constructs a dynamic scale-free North-South model of trade with endogenous innovation. In the North two types of R&D races take place simultaneously within each industry. One is local-sourcingtargeted R&D race, which results in the winner firm manufacturing in the North. The other is outsourcing-targeted R&D race, which culminates in the winner… CONTINUE READING