Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …We analyse an economy where managers engage both in the adoption of technologies from the world frontier and in … innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy …