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dc.contributor.authorHonkapohja, Seppoen_US
dc.contributor.authorTurunen-Red, Arja H.en_US
dc.contributor.authorWoodland, Alan D.en_US
dc.date.accessioned2011-05-27en_US
dc.date.accessioned2011-06-29T11:19:41Z-
dc.date.available2011-06-29T11:19:41Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46469-
dc.description.abstractWe study a many country endogenous growth model in which decisions about innovation and new investment are influenced by growth expectations. Adaptive learning dynamics determine country-specific short run transition paths. Countries differ in basic structural parameters and may impose tariffs on imports of capital goods. Numerical experiments illustrate adjustment dynamics that follow the use of tariffs. We show that countries that limit trade in capital goods can experience dynamic gains both in growth and utility and that such gains persist the longer the larger the structural advantages of the region that applies tariffs. Substantial differences in the levels of innovation, consumption, output, and utility can appear, and asymmetries in economic outcomes that were present before trade restrictions are made more severe.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Trade Policy 3435en_US
dc.subject.jelF43en_US
dc.subject.jelF15en_US
dc.subject.ddc330en_US
dc.subject.keywordendogenous growthen_US
dc.subject.keywordexpectationsen_US
dc.subject.keywordlearningen_US
dc.subject.keywordshort run dynamicsen_US
dc.subject.keywordtariffsen_US
dc.subject.keywordcomplementary capital goodsen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwAdaptive Erwartungen_US
dc.subject.stwInvestitionsguten_US
dc.subject.stwZolltarifen_US
dc.subject.stwTheorieen_US
dc.titleGrowth, expectations, and tariffsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660773821en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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