Showing 1 - 10 of 10
No abstract.
Persistent link: https://www.econbiz.de/10010818375
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Persistent link: https://www.econbiz.de/10010818379
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Persistent link: https://www.econbiz.de/10010684524
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Persistent link: https://www.econbiz.de/10010685071
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Persistent link: https://www.econbiz.de/10010818376
Market competition is central to innovative activity, the diffusion process and macro-economic productivity growth. Productivity growth at all levels comes about through institutional reconfiguration in response to the ongoing market process. Stable and sustained long-term growth in output...
Persistent link: https://www.econbiz.de/10010818448
No abstract.
Persistent link: https://www.econbiz.de/10010818474
No abstract.
Persistent link: https://www.econbiz.de/10010685061
This paper presents a model of R&D-driven growth without scale effects where firms can engage in both horizontal and vertical R&D activities. Unlike in earlier models of R&D-driven growth without scale effects by Jones (1995), Segerstrom (1998) and Young (1998), R&D subsidies can have long-run...
Persistent link: https://www.econbiz.de/10005419552
This paper presents a model to explain why both industry leaders and follower firms often invest in R&D and explores the welfare implications of these R&D investment choices. Regardless of initial conditions, the equilibrium path in this model involves gradually convergence to a balanced growth...
Persistent link: https://www.econbiz.de/10005645275