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dc.contributor.author
Valente, Simone
dc.date.accessioned
2017-09-19T07:23:08Z
dc.date.available
2017-06-09T19:20:51Z
dc.date.available
2017-09-19T07:23:08Z
dc.date.issued
2006-07-19
dc.identifier.uri
http://hdl.handle.net/20.500.11850/46307
dc.identifier.doi
10.3929/ethz-a-005229410
dc.description.abstract
This paper analyzes a two-country model with international status seeking: utility in the status-seeking country is affected by consumption gaps with the status leader. The analysis employs the benchmark neoclassical growth model of trade, with asymmetric endowments and heterogeneous goods. In this setup, transboundary envy reshapes consumption behaviour and modifies transitional dynamics. It is shown that the status-seeker experiences consumption overshooting: consumption per capita grows beyond the long-run equilibrium level, and approaches the steady-state from above. Terms-of-trade dynamics become non-monotonic, and there always exist a critical interval of time during which envy reverts the growth differential in favor of the initially poor country.
en_US
dc.language.iso
en
en_US
dc.publisher
ETH, Eidgenössische Technische Hochschule Zürich, WIF, Institute of Economic Research
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
two-country models
en_US
dc.subject
Consumption externalities
en_US
dc.subject
international trade
en_US
dc.title
Trade, envy and growth
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.title.subtitle
International status seeking in a Two-Country World
en_US
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
06
en_US
ethz.journal.issue
53
en_US
ethz.size
24 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.notes
.
en_US
ethz.identifier.nebis
005229410
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03635 - Bretschger, Lucas
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02045 - Departement Geistes-, Sozial- und Staatswissenschaften / Department of Humanities, Social and Political Sciences
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::03635 - Bretschger, Lucas
ethz.date.deposited
2017-06-09T19:23:14Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366aa01d12276187
ethz.identifier.importid
imp59364efa1774665386
ethz.ecolpid
eth:28927
ethz.ecitpid
pub:76069
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-26T20:20:25Z
ethz.rosetta.lastUpdated
2017-09-19T07:23:11Z
ethz.rosetta.versionExported
true
ethz.COinS
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