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OFFSHORING AND FINANCIAL MARKETS
Battisti, Gianfranco - European Regional Science Association - 2013
During the 20th century all economic structures underwent the impact of two epochal phenomena, the communications revolution and the financialization of economy. As a consequence of the never ending technological progress, the first has repeatedly reduced the friction of distance, provoking a...
Persistent link: https://www.econbiz.de/10011132096
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Innovation, Decentralization, and Planning in a Multi-Region Model of Schumpeterian Economic Growth
Batabyal, Amit; Nijkamp, Peter - European Regional Science Association - 2014
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011075868