We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …

analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

these issues empirically, based on a harmonized survey of innovation activities of more than 1,800 firms located in Portugal …International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic … of discussion among academics and practitioners. Most research in this field focuses on knowledge sharing activities of …

Concerns have been raised that demographic ageing may weaken the competitiveness of knowledge-based economies and … Germany using a flexible knowledge production function and accounting for potential endogeneity of the regional workforce … presence of older workers as younger and older workers turn out to be complements in the production of knowledge. With …

The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …