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entrant or incumbent firm. If the inventor works for the entrant the innovation is implemented and the entrant displaces the …
Persistent link: https://www.econbiz.de/10014248003
An inventor's own knowledge is a key input in the innovation process. This knowledge can be built by interacting with … of our new innovation-led endogenous growth model, in which innovations are produced by heterogeneous research teams of … model nests inside the innovation-based endogenous growth model. We estimate the model, which fits the data very closely …
Persistent link: https://www.econbiz.de/10012453248
Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find that: (i) the positive association between parental income...
Persistent link: https://www.econbiz.de/10014226161
Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the …
Persistent link: https://www.econbiz.de/10014248004