Technological Transfers, Limited Commitment and Growth

Alexandre Dmitriev

No 568, 2008 Meeting Papers from Society for Economic Dynamics

Abstract: with endogenously incomplete markets and compare the results with the solutions obtained from the perfect risk-sharing and autarkic environments. Our findings suggest that technological transfers may play a role of an important enforcement mechanism. In our framework, existence of substantial rich-to-poor capital flows is not inconsistent with the presence of default risk.

Date: 2008
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Working Paper: Technological Transfers, Limited Commitment and Growth (2006)
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