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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

Internal Increasing Returns to Scale and Economic Growth

List, John A. - 2007

This study develops a model of endogenous growth based on increasing returns due to firms' technology choices. Particular attention is paid to the implications of these choices, combined with the substitution of capital for labor, on economic growth in a general equilibrium model in which the...

Persistent link: https://www.econbiz.de/10012465656

Internal Increasing Returns to Scale and Economic Growth

List, John A. - 2007

Persistent link: https://www.econbiz.de/10012465661

The World Income Distribution

Acemoglu, Daron - 2001

We show that even in the absence of diminishing returns in production and techno-logical spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: countries that accumulate capital faster than...

Persistent link: https://www.econbiz.de/10012470646

Growth Without Scale Effects

Young, Alwyn - 1995

predictions of models of endogenous innovation suggest that this increased research effort should lead to more rapid growth. As … innovation to allow for the possibility that a rise in the profitability of innovative activity could lead to an increased …

Persistent link: https://www.econbiz.de/10012473666

Evidence on Growth, Increasing Returns and the Extent of the Market

Ades, Alberto F. - 1994

We examine two sets of economies, (19th century U.S. states and 20th century less developed countries) where growth rates are positively correlated with initial levels of development to document how these dynamic increasing returns operate. We find that open economies do not display a positive...

Persistent link: https://www.econbiz.de/10012474214

Economic Integration and Endogenous Growth

Rivera-Batiz, Luis A. - 1990

In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models...

Persistent link: https://www.econbiz.de/10012475469

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