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Academic Freedom, Private-Sector Focus, and the Process of Innovation
Aghion, Philippe - 2005
We develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Our model assumes full protection of intellectual property rights at all stages of the development process, and hence does not rely on lack of appropriability or spillovers to...
Persistent link: https://www.econbiz.de/10012467136
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Waves of Creative Destruction : Customer Bases and the Dynamics of Innovation
Stein, Jeremy C. - 1994
This paper develops a model of repeated innovation with knowledge spillovers. The model's novel feature is that firms … compete on two dimensions: 1) product quality or cost, where one firm's innovation ultimately spills over to other firms; and … some circumstances dramatically reduce the long-run average level of innovation; 2) they lead to endogenous bunching, or …
Persistent link: https://www.econbiz.de/10012474137
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The Real Exchange Rate, Innovation and Productivity : Regional Heterogeneity, Asymmetries and Hysteresis
Alfaro, Laura - 2018
-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …
Persistent link: https://www.econbiz.de/10012453086