English, Article, Journal or magazine article edition: The Product Cycle and Inequality Boyan Jovanovic

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Bookmark: http://trove.nla.gov.au/version/56659
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Product Cycle and Inequality
Author
  • Boyan Jovanovic
Physical Description
  • preprint
Notes
  • Technology, Development, Patents
  • RePEc:red:sed005:199
  • This paper models the product cycle and explains how it relates to world inequality. In the model, both phenomena arise because skilled people have a comparative advantage in making high-tech products. The model can explain up to a 10:1 income differential between people and up to a 7:1 differential between countries.
  • RePEc:nbr:nberwo:10910
Language
  • English
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