innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm …

Innovation is typically a trial-and-error process. While some research paths lead to the innovation sought, others … that leads to an early abandonment of the risky project. We show that different types of firms follow different innovation …

innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …

This paper studies the problem of incentivizing an agent in an innovation project when the progress of innovation is … known only to the agent. I assume the success of innovation requires an intermediate breakthrough and a final breakthrough …