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The Macroeconomics of Model T
Foellmi, Reto; Wuergler, Tobias; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2009
We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which … balanced growth path. …
Persistent link: https://www.econbiz.de/10008502580
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Debt Service, Foreign Direct Investment and Transformation to Market: A Simple Model
Abel, István; Bonin, John - C.E.P.R. Discussion Papers - 1992
In this paper we focus on the macroeconomic framework for the transformation of the formerly socialist economies of Central Europe into capitalist mixed market economies. We construct a simple model to compare the situations in Hungary and Poland on the eve of the transformation before the new...
Persistent link: https://www.econbiz.de/10005114151
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Technology Transfer through Imports
Acharya, Ram C.; Keller, Wolfgang - C.E.P.R. Discussion Papers - 2007
While there is general agreement that technology differences must figure prominently in any successful account of the cross-country income variation, not much is known on the source of these technology differences. This paper examines cross-country income differences in terms of factor...
Persistent link: https://www.econbiz.de/10005124209
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Distribution & Growth in an Economy with Limited Needs
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
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Smithian Growth through Creative Organization
Legros, Patrick; Newman, Andrew; Proto, Eugenio - C.E.P.R. Discussion Papers - 2006
We consider an endogenous growth model in which appropriate organization fosters innovation, but because of … level only to facilitate monitoring their workers. Whether there is innovation and growth depends on the interaction of the … is low because there is little specialization. Sustained technological progress and economic growth therefore require …
Persistent link: https://www.econbiz.de/10005136616
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A Theory of Defensive Skill-based Innovation and Globalization
Thoenig, Mathias; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002
This Paper considers a dynamic model of innovations in which firms can endogenously bias the direction of technological change. Both in a North-North and North-South context, we show that, when globalization triggers an increased threat of technological leapfrogging or imitation, firms tend to...
Persistent link: https://www.econbiz.de/10005067552
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Trade induced technical change? The impact of Chinese imports on innovation, IT and productivity
Bloom, Nicholas; Draca, Mirko; Van Reenen, John - C.E.P.R. Discussion Papers - 2011
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million firms over 1996-2007 across twelve European countries. We correct for endogeneity using the removal of product-specific quotas following China’s entry into the World Trade...
Persistent link: https://www.econbiz.de/10008854502
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The Economic Value of Patent Portfolios
Gambardella, Alfonso; Harhoff, Dietmar; Verspagen, Bart - C.E.P.R. Discussion Papers - 2013
Patent holders may choose to protect innovations with single patents or to develop portfolios of multiple, related inventions. We propose a simple decision-making model in which patent-holders may allocate resources to either expanding the number of related patents or investing in higher value...
Persistent link: https://www.econbiz.de/10011083853
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Twentieth Century Growth
Crafts, Nicholas; O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2013
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the … frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based … on historical national accounts data is given and is accompanied by a review of growth accounting evidence on the sources …
Persistent link: https://www.econbiz.de/10011084318
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Green innovations and organisational change: making better use of environmental technology
Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2012
The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of certain technologies if complementary forms of organization are adopted. This issue may be of even greater importance for the case of greenhouse gas (GHG) abatement...
Persistent link: https://www.econbiz.de/10011084545