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Waves of Creative Destruction : Customer Bases and the Dynamics of Innovation

Stein, Jeremy C. - 1994

This paper develops a model of repeated innovation with knowledge spillovers. The model's novel feature is that firms … compete on two dimensions: 1) product quality or cost, where one firm's innovation ultimately spills over to other firms; and … some circumstances dramatically reduce the long-run average level of innovation; 2) they lead to endogenous bunching, or …

Persistent link: https://www.econbiz.de/10012474137

Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

Anzoategui, Diego - 2016

We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We first present some panel data evidence that technology diffusion is highly cyclical. We then develop...

Persistent link: https://www.econbiz.de/10012456668

Transition to Clean Technology

Acemoglu, Daron - 2014

innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …

Persistent link: https://www.econbiz.de/10012457923

Idea Flows, Economic Growth, and Trade

Alvarez, Fernando E. - 2013

We provide a theoretical description of a process that is capable of generating growth and income convergence among economies, and where freer trade has persistent, positive effects on productivity, beyond the standard efficiency gains due to reallocation effects. We add to a standard Ricardian...

Persistent link: https://www.econbiz.de/10012458995

How Trade Patterns and Technology Flows Affect Productivity Growth

Keller, Wolfgang - 1999

This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...

Persistent link: https://www.econbiz.de/10012471810

Policy, Technology Adoption, and Growth

Easterly, William - 1994

This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the recent growth literature: human capital accumulation and technological progress. Our model economy does not create new technologies, it simply adopts those that have been created...

Persistent link: https://www.econbiz.de/10012474251

The Search for R&D Spillovers

Griliches, Zvi - 1991

R&D spillovers are, potentially, a major source of endogenous growth in various recent "New Growth Theory" models. This paper reviews the basic model of R&D spillovers and then focuses on the empirical evidence for their existence and magnitude. It reviews the older empirical literature with...

Persistent link: https://www.econbiz.de/10012475232

Trade and Uneven Growth

Feenstra, Robert C. - 1990

We consider trade between two countries of unequal size, where the creation of new intermediate inputs occurs in both. We assume that the knowledge gained from R&D in one country <i>does not</i> spillover to the other. Under autarky, the larger country would have a higher rate of product creation. When...

Persistent link: https://www.econbiz.de/10012475759

Growing by Leaps and Inches : Creative Destruction, Real Cost Reduction, and Inching Up

Darby, Michael R. - 2002

Most firms achieve perfective progress, incrementally improving commodities or productivity. But technological progress is concentrated in a few firms achieving metamorphic progress: forming or transforming industries with technological breakthroughs (e.g., biotechnology, lasers, semiconductors,...

Persistent link: https://www.econbiz.de/10012469767

Technological Diffusion, Convergence, and Growth

Barro, Robert J. - 1995

. Followers converge toward the leaders because copying is cheaper than innovation over some range. A tendency for copying costs …

Persistent link: https://www.econbiz.de/10012473731