Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46469 
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dc.contributor.authorHonkapohja, Seppoen
dc.contributor.authorTurunen-Red, Arja H.en
dc.contributor.authorWoodland, Alan D.en
dc.date.accessioned2011-05-27-
dc.date.accessioned2011-06-29T11:19:41Z-
dc.date.available2011-06-29T11:19:41Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3435en
dc.subject.jelF43en
dc.subject.jelF15en
dc.subject.ddc330en
dc.subject.keywordendogenous growthen
dc.subject.keywordexpectationsen
dc.subject.keywordlearningen
dc.subject.keywordshort run dynamicsen
dc.subject.keywordtariffsen
dc.subject.keywordcomplementary capital goodsen
dc.subject.stwNeue Wachstumstheorieen
dc.subject.stwAdaptive Erwartungen
dc.subject.stwInvestitionsguten
dc.subject.stwZolltarifen
dc.subject.stwTheorieen
dc.titleGrowth, expectations, and tariffs-
dc.typeWorking Paperen
dc.identifier.ppn660773821en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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