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Reconciling the original Schumpeterian Model with the observed inverted-U relationship between competition and innovation
Bonfatti, Roberto; Bryce Campodonico, Luis A.; Pisano, Luigi - 2018
Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that … the model can predict the inverted-U if the innovators' talent is heterogenous, and privately observable. With competition …
Persistent link: https://www.econbiz.de/10011810084
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Competitiveness and growth policy design
Aghion, Philippe - In: Moving to the innovation frontier, (pp. 5-29). 2016
Persistent link: https://www.econbiz.de/10011499070
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Competition and growth in neo-Schumpeterian models
Denicolò, Vincenzo (contributor);  … - 2004
Persistent link: https://www.econbiz.de/10002457164
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Variety, Competition, and Population in Economic Growth : Theory and Empirics
Bucci, Alberto - 2019
We provide aggregate macroeconomic evidence on how, in the long-run, a diverse degree of complexity in production may affect not only the rate of economic growth, but also the correlation between the latter, population growth and the monopolistic (intermediate) markups. For a sample of OECD...
Persistent link: https://www.econbiz.de/10012899609
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Reconciling the original Schumpeterian model with the observed inverted-U relationship between competition and innovation
Bonfatti, Roberto; Bryce Campodonico, Luis A.; Pisano, Luigi - 2018
Persistent link: https://www.econbiz.de/10011899225
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A Growth Theory and Competitiveness Gains Measure Linkage
González, Germán Héctor - 2006
This work provides a macroeconomic approach and a sound conceptual foundation for the notion of competitiveness gains, so prone to multiple interpretations, and to make it fit for empirical analyses. Instead of competitiveness is competitiveness gains the relevant concept, defined as a situation...
Persistent link: https://www.econbiz.de/10014054928
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Voracity and growth reconsidered
Strulik, Holger (contributor) - 2008
This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...
Persistent link: https://www.econbiz.de/10003725568
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Fiscal, monetary, and financial interactions in dynamic general equilibrium
Strulik, Holger (contributor) - 2008
This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10003725605
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Towards a unified theory of economic growth : Oded Galor on the transition from Malthusian stagnation to modern economic growth
Snowdon, Brian (contributor) - 2008
An interview with Oded Galor on the development of unified growth theory. -- Unified Growth Theory ; Population …
Persistent link: https://www.econbiz.de/10003728412
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Brain drain and factor complementarity
Pieretti, Patrice (contributor); Zou, Benteng (contributor) - 2006
In this paper we develop a neoclassical growth model that aggregates different types of labor skills from strict complementarity to perfect substitution. After having derived general balanced growth conditions and developed explicit growth paths for capital and aggregate labor force, the model...
Persistent link: https://www.econbiz.de/10003731213