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Wants and Past Knowledge: Growth Cycles with Emerging Industries

Horii, Ryo - EconWPA - 2005

This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that firms endogenously form a number of distinguishable...

Persistent link: https://www.econbiz.de/10005407691

A Theory of Technology Diffusion

Mukoyama, Toshihiko - EconWPA - 2003

What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...

Persistent link: https://www.econbiz.de/10005126129

Innovation height, spillovers and TFP growth at the firm level: Evidence from French manufacturing

Emmanuel, DUGUET - EconWPA - 2004

firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …

Persistent link: https://www.econbiz.de/10005407643

Economic Growth with Imperfect Protection of Intellectual Property Rights

Horii, Ryo; Iwaisako, Tatsuro - EconWPA - 2005

growth. Stronger IPR protection, which reduces the probability of imitation, raises the reward for innovation. However …, concentration of R&D activity in a field raises the possibility of duplication of innovation, thereby hindering growth. In several …

Persistent link: https://www.econbiz.de/10005555997

Overtakable capitalist growth paths

Julius, A. J. - EconWPA - 2005

with a counterfactual in which decentralized innovation decisions are governed by noncapitalist property relations, I claim …

Persistent link: https://www.econbiz.de/10005126203

To B or Not To B: A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model

Xie, Danyang - EconWPA - 2002

This paper studies the welfare consequences of a government regulation that forces a patented equipment to be supplied by a number of independent producers. On the one hand, such a regulation hurts the value of a patent and therefore reduces activities in the R&D sector. On the other hand, the...

Persistent link: https://www.econbiz.de/10005408261

RESOURCE INTRA-ACTIONS AND INTER-ACTIONS: IMPLICATIONS FOR TECHNOLOGICAL CHANGE AND ECONOMIC GROWTH

Amavilah, Voxi Heinrich - EconWPA - 2005

W. Arthur Lewis’s distinction between factors and forces of production, and Paul Romer’s insightful identification of the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have enriched economic growth theory. However, both object-...

Persistent link: https://www.econbiz.de/10005556726

The Information Technology Revolution and the Puzzling Trends in Tobin’s average q

Peralta-Alva, Adrian - EconWPA - 2005

A growing literature argues that the Information Technology rev- olution caused the stock market crash of 1973-1974, its subsequent stagnation and eventual recovery. This paper employs general equi- librium theory to test whether this good news hypothesis is consistent with the behavior of US...

Persistent link: https://www.econbiz.de/10005561227

Space, Growth and Technology: an Integrated Dynamic Approach

Gomes, Orlando - EconWPA - 2004

Economic phenomena are interrelated. From a growth perspective, time analysis concerning the choices of present and future consumption and the choices between the allocation of scientific resources should be combined with a space analysis regarding the dissemination of economic activity through...

Persistent link: https://www.econbiz.de/10005124884

The Optimal Control of Technology Choices

Gomes, Orlando - EconWPA - 2004

We may distinguish between two concepts of technology: a theoretical level of technology (that is, a technology possibilities frontier) and a level of technology in practice (that is, ready to use in production technology). Having these two concepts in mind, the paper develops an intertemporal...

Persistent link: https://www.econbiz.de/10005408275

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