학술저널
Trade Liberalization, International Relocation of Firms, and Economic Growth
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제39권 제2호
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2024.06508 - 523 (16 pages)
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DOI : 10.11130/jei.2024020
- 10
This paper presents a framework for understanding the role of global tariff rate reductions in affecting the world growth rate, given knowledge spillovers in research and development (R&D) and the relocation of firms. In particular, we highlight one aspect of the model: the international relocation of firms associated with a reduction in world tariff rates. This paper shows that, given the spillover effect of localized R&D knowledge, a simultaneous multilateral reduction in the common tariff rate increases the world growth rate through the relocation of firms.
I. Introduction
II. Model Structure
III. Firm Sizes and Locations
IV. R&D Sector with Local Spillovers
V. Impact of Tariff Reductions
VI. Welfare Analysis
VII. Conclusion
References
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