Search Results - subject:"rate of innovation"

Leadership Contestability, Monopolistic Rents and Growth

Piazza, Roberto - International Monetary Fund (IMF) - 2011

I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard...

Persistent link: https://www.econbiz.de/10008876600

Dynamic Option Adjusted Spread and the Value of Mortgage Backed Securities

cerrato, mario; Djennad, Abdelmadjid - Department of Economics, Adam Smith Business School - 2008

We extend a reduced form model for pricing pass-through mortgage backed securities (MBS) and provide a novel hedging tool for investors in this market. To calculate the price of an MBS, traders use what is known as option-adjusted spread (OAS). The resulting OAS value represents the required...

Persistent link: https://www.econbiz.de/10004999728

Ambiguity attitude, R&D investments and economic growth

Cozzi, Guido; Giordani, Paolo - In: Journal of Evolutionary Economics 21 (2011) 2, pp. 303-319

Persistent link: https://www.econbiz.de/10009149919

Technological Adaptation, Trade, and Growth

Chong, Alberto; Zanforlin, L. - International Monetary Fund (IMF) - 2000

This paper extends Grossman and Helpman’s seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are...

Persistent link: https://www.econbiz.de/10005599706

Ambiguity Attitude, R&D Investments and Economic Growth

Cozzi, Guido; Giordani, Paolo E. - Department of Economics, Adam Smith Business School

countries. Keywords: Schumpeterian growth, ambiguity, cultural attitude towards Ambiguity, arrival rate of innovation, R … distance; the national rate of innovation is measured by the number of trademarks. After controlling for the industrial … are now ready to modify this basic set-up so as to incorporate the agents� ignorance about the arrival rate of innovation …

Persistent link: https://www.econbiz.de/10005549054