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Quality Improvements in Models of Growth

Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994

Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...

Persistent link: https://www.econbiz.de/10005067489

Distance to Frontier, Selection, and Economic Growth

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …

Persistent link: https://www.econbiz.de/10005789082

Structural Change and the Kaldor Facts of Economic Growth

Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2002

We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...

Persistent link: https://www.econbiz.de/10005792315

Perfectly Competitive Innovation

Boldrin, Michele; Levine, David - C.E.P.R. Discussion Papers - 2002

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …

Persistent link: https://www.econbiz.de/10005661529

Growth Effects of Non-Proprietary Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …

Persistent link: https://www.econbiz.de/10005662038

Growth, Trade, and Inequality

Grossman, Gene; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

Persistent link: https://www.econbiz.de/10011083890

Learning for Employment, Innovating for Growth

Falkinger, Josef; Zweimüller, Josef - C.E.P.R. Discussion Papers - 1998

productivity. Education as well as innovation and production require skilled labour as inputs. This and the fact that learning …

Persistent link: https://www.econbiz.de/10005114510

Multiple Equilibria in a Growth Model with Monopolistic Competition

Galí, Jordi - C.E.P.R. Discussion Papers - 1993

We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical firm depends on the aggregate savings rate. The latter...

Persistent link: https://www.econbiz.de/10005124443

Vertical Integration and Distance to Frontier

Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002

frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities …, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the … frontier, the value of innovation increases, encouraging outsourcing. …

Persistent link: https://www.econbiz.de/10005123937

Income Distribution and Demand-Induced Innovations

Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2005

We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new products, as well as their evolution over time, are...

Persistent link: https://www.econbiz.de/10005656426

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