Giordani, Paolo E.; Zamparelli, Luca - Volkswirtschaftliche Fakultät, … - 2007
We extend the class of quality-ladder growth models (Grossman- Helpman (1991), Segerstrom (1998) and others), to encompass an economy with asymmetric fundamentals. In contrast to the standard framework, in our model industries may di¤er in terms of their innovative potential (quality jumps and...