第642期岭南学术论坛(经济学系列Seminar)

Technological Rivalry and Optimal Dynamic Policy in an Open Economy

发布人:韦芳三
主题
Technological Rivalry and Optimal Dynamic Policy in an Open Economy
活动时间
-
活动地址
岭南堂汪道涵会议室(101)
主讲人
吕丹(香港中文大学,助理教授)
主持人
占超群(中山大学岭南学院,助理教授)

语 言            英文+中文

 

Abstract:

We study optimal policies in a multi-country, multi-sector model with endogenous technology accumulation through R&D innovation. There exist time-consistent optimal policies, which consist of innovation and trade policies, even when private innovation allocations are efficient. We derive explicit expressions for optimal policies and present general results for various specifications. The underlying mechanism is that a country has an incentive to use innovation policy and tariffs to affect foreign innovation efforts and technology, for both static and dynamic terms of trade consideration. By contrast, optimal policies under exogenous technology call for uniform tariffs across countries and sectors. Our quantitative analysis computes the optimal policies for China on the two-digit manufacturing sectors for a world with China, the U.S., Germany, Japan, and the rest of the world.

 

 

报告人简介:

        吕丹,芝加哥大学经济学博士,现任香港中文大学经济系助理教授,研究方向为国际贸易、宏观经济学,文章发表于Journal of International Economics等国际著名期刊。

 

 

 

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