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Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012474415

Innovation, Imitation, and Intellectual Property Rights

Helpman, Elhanan - 1992

analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …

Persistent link: https://www.econbiz.de/10012474898

Endogenous Product Cycles

Grossman, Gene M. - 1989

We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …

Persistent link: https://www.econbiz.de/10012476141

Foreign Competition and Innovation

Helpman, Elhanan - National Bureau of Economic Research - 2023

Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …-product firms live forever, and the large firms invest in innovation in order to enlarge their product spans. All firms export. I … show that an increase in the competitiveness of foreign firms can increase or reduce innovation efforts of a large multi …

Persistent link: https://www.econbiz.de/10014436971

Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle - 2000

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the theory is augmented to allow for...

Persistent link: https://www.econbiz.de/10012470921

Is Everything Neutral?

Bernheim, B. Douglas - 1986

In his well-known analysis of the national debt, Robert Barro introduced the notion of a "dynastic family." This notion has since become a standard research tool, particularly in the areas of public finance and macroeconomics. In this paper, we critique the assumptions upon which the dynastic...

Persistent link: https://www.econbiz.de/10012476983

Inflationary Consequences of Anticipated Macroeconomic Policies

Drazen, Allan - 1986

We consider a model in which the level of taxes and seignorage are too low to finance government expenditures and debt service. Government debt will therefore grow without bound, implying the eventual need to change policy. Starting with utility maximization, we analyze the effect of the...

Persistent link: https://www.econbiz.de/10012477065

Exchange Rate Management : Intertemporal Tradoffs

Helpman, Elhanan - 1985

The management of the exchange rate is possible only if the government pursues a monetary-fiscal policy mix which is consistent with its exchange rate targets. In this paper with uncertainty concerning the length of individual life the real consequences of exchange rate management depend on the...

Persistent link: https://www.econbiz.de/10012477494

Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality

Helpman, Elhanan - 2010

Recent research has emphasized firm heterogeneity as a source of comparative advantage. Combining this approach with labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and inequality. This paper reviews this approach and reports...

Persistent link: https://www.econbiz.de/10012462891

Delocation and Trade Agreements in Imperfectly Competitive Markets

Bagwell, Kyle - 2009

We consider the purpose and design of trade agreements in imperfectly competitive environments featuring firm-delocation effects. In both the segmented-market Cournot and the integrated-market monopolistic competition settings where these effects have been identified, we show that the only...

Persistent link: https://www.econbiz.de/10012463205