We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...

We discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and multi-regional economic growth and welfare. This agenda advocates the use of endogenous economic growth theory and advances in new economic geography to analyze models that will...

We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the sense of Richard Florida and that uses digital technologies to produce a final consumption good. The use of these digital technologies in our creative region gives rise to...

We focus on a region that is creative in the sense of Richard Florida. The creative class is broadly composed of existing and candidate entrepreneurs. The general question we analyze concerns the effects of Schumpeterian competition between existing and candidate entrepreneurs on economic growth...

We provide the first theoretical analysis of the effects of alternate forms of taxation on economic growth in a dynamic model with multiple regions. The regions are heterogeneous but, in each region, consumers have constant relative risk aversion preferences, there is no growth in the stock of...

We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in a region when this region is part of an aggregate economy consisting of two regions. In both regions consumers have constant relative risk aversion preferences, there is human...

We provide the first theoretical analysis of a one sector, discrete time, Schumpeterian model of growth in a regional economy in which consumers are risk neutral, there is no population growth, monopolistic entrepreneurs produce intermediate goods, and a single consumption good is produced...