; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "A Gain From Trade: More Research, Less Obstruction"; ; "batchuser@example.com"; "Holmes, Thomas J.", "Schmitz, James Andrew"; "Federal Reserve Bank of Minneapolis"; "Technology-ladder models", "Gains from trade", "Effects of protection"; "F10 - Trade: General", "O30 - Innovation; Research and Development; Technological Change; Intellectual Property Rights: General", "O40 - Economic Growth and Aggregate Productivity: General"; "There is an old wisdom that reductions in tariffs force changes on producers that lead to costless, or nearly so, increases in productivity. We construct a technology-ladder model that captures this wisdom. As in other technology-ladder models, time spent in research helps propel an industry up a technology-ladder. In contrast to the literature, we include another activity that plays a role in determining an industry's position on the technology-ladder: attempts to obstruct the research program of rivals (through regulations, for example). In this world, reductions in tariffs between countries lead producers to spend more time in research and less in obstruction of rivals."^^; "1998-03"; "2019-08-20T22:27:48.507391123+00:00"^^; "https://doi.org/10.21034/sr.245"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:01:56 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "343", "702"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "245"; "Effects of protection", "Technology-ladder models", "Gains from trade"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .