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pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …
Persistent link: https://www.econbiz.de/10012466242
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
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
We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …
Persistent link: https://www.econbiz.de/10012475836
In this paper, I develop a model of dynamic comparative advantage based on endogenous innovation. Firms in each of two … and scarcity of natural resources, will specialize relatively in industrial innovation and in the production of high … subsidies and trade policies on the long-run rates of innovation in trade partner countries and on the long-run pattern of trade …
Persistent link: https://www.econbiz.de/10012475843
We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
Persistent link: https://www.econbiz.de/10012476141
We develop a multi-country, dynamic general equilibrium model of product innovation and international trade to study …
Persistent link: https://www.econbiz.de/10012476492
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