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 …

deterministic model, R&D in time t surely leads to an innovation in time t 1. In this setting, we show that relative to the balanced … innovation and a higher growth rate. Next, in the stochastic model, R&D in time t probabilistically leads to an innovation in …

We provide what to the best of our knowledge is the first theoretical analysis of the total effects of human capital …

We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition …

We discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and … innovation on economic growth and welfare in this ith region? Third, what are the impacts of alternate tax policies on innovation … innovation driven economic growth and welfare in this region? …