This study develops an R&D-based growth model with basic and applied research to analyze the growth and welfare effects … researchers. We �find that for the purpose of stimulating basic R&D and economic growth simultaneously, increasing the share of …

opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … introduce money demand via a cash-in-advance (CIA) constraint on R&D investment into a scale-invariant Schumpeterian growth …

spillovers into a two-country dynamic model of innovation with the dynamic optimization of an infinitely-lived consumer. In the … model, innovation productivity in each country endogenously increases over time because of domestic learning-by-doing and …

In this study, we analyze the effects of labor shortage in China on the direction of innovation in the US by … change in the North. This fi�nding highlights the different implications of offshoring and conventional trade on innovation …

In this note, we explore the different implications of patent breadth and R&D subsidies on economic growth and … endogenous market structure in a Schumpeterian growth model. We find that these two policy instruments have the same positive … effect on economic growth when the model exhibits counterfactual scale effects under an exogenous number of firms. However …

This letter explores the different implications of patent breadth and R&D subsidies on economic growth and endogenous … growth when the model exhibits scale effects under a fixed number of firms. When the model becomes scale-invariant under an … endogenous number of firms, patent breadth increases economic growth but decreases the number of firms, whereas R&D subsidies …

This study analyzes the cross-country effects of monetary policy on innovation and international technology transfer … transfer, a permanent increase in the North-South wage gap, and a temporary decrease in the rate of Northern innovation. An … increase in the Northern nominal interest rate causes a temporary decrease in the rate of Northern innovation, a permanent …

implications on innovation. First, it reduces the rates of innovation and economic growth. Second, it causes innovation to be … which the market size of each country determines the incentives for innovation. We find that an increase in the bargaining …