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dc.contributor.author
Valente, Simone
dc.date.accessioned
2019-05-06T09:10:48Z
dc.date.available
2017-06-09T19:20:51Z
dc.date.available
2017-09-19T07:23:08Z
dc.date.available
2019-05-06T09:10:48Z
dc.date.issued
2006-07
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.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Consumption externalities
en_US
dc.subject
International trade
en_US
dc.subject
Two-country models
en_US
dc.title
Trade, envy and growth: international status seeking in a two-country world
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
06/53
en_US
ethz.size
24 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D9 - Intertemporal Choice::D91 - Intertemporal Household Choice; Life Cycle Models and Saving
en_US
ethz.code.jel
JEL - JEL::E - Macroeconomics and Monetary Economics::E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy::E21 - Consumption; Saving; Wealth
en_US
ethz.code.jel
JEL - JEL::F - International Economics::F1 - Trade::F11 - Neoclassical Models of Trade
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / 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
2019-05-06T09:10:57Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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