All Outputs (2)

R&D and Economic Growth in a Cash-in-Advance Economy (2014)
Journal Article
Chu, A., & Cozzi, G. (2014). R&D and Economic Growth in a Cash-in-Advance Economy. International Economic Review, 55(2), 507-524. https://doi.org/10.1111/iere.12059

R&D investment has well-known liquidity problems, with potentially important consequences. In this study, we analyze the effects of monetary policy on economic growth and social welfare in a Schumpeterian growth model with cash-in-advance (CIA) const... Read More about R&D and Economic Growth in a Cash-in-Advance Economy.

Effects of economic development in China on skill-biased technical change in the US (2014)
Journal Article
Chu, A., Cozzi, G., & Furukawa, Y. (2015). Effects of economic development in China on skill-biased technical change in the US. Review of Economic Dynamics, 18(2), 227-242. https://doi.org/10.1016/j.red.2014.04.001

In this study, we explore the effects of a change in unskilled labor in China on the direction of innovation in the US by incorporating production offshoring into a North–South model of directed technical change. We find that intellectual property ri... Read More about Effects of economic development in China on skill-biased technical change in the US.