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The Lindahl Equilibrium in Schumpeterian Growth Models : Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives
Gray, Elie - 2014
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10013056813
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Using the Salop Circle to Study Scale Effects in Schumpeterian Growth Models : Why Inter-Sectoral Knowledge Diffusion Matters
Gray, Elie - 2016
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10012984503
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Cumulative Innovation, Growth and Welfare-Improving Patent Policy
Chor, Davin - 2013
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10013075135
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Cumulative Innovation, Growth and Welfare-Improving Patent Policy
Chor, Davin; Lai, Edwin L.-C. - CESifo - 2013
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010697223
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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth
Richter, Wolfram F.; Braun, Christoph - CESifo - 2010
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents’ productivity. It is shown to be second best to subsidize education even relative to the first best if the …
Persistent link: https://www.econbiz.de/10008572520
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Is a Minimum Wage an Appropriate Instrument for Redistribution?
Gerritsen, Aart; Jacobs, Bas - CESifo - 2014
We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...
Persistent link: https://www.econbiz.de/10010736741
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Intuit QuickBooks Small Business Index : A New Employment Series for the US, Canada, and the UK
Akcigit, Ufuk; Chhina, Raman; Cilasun, Seyit Mümin; … - National Bureau of Economic Research - 2023
Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …
Persistent link: https://www.econbiz.de/10014322738
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Why go to France or Germany, if you could as well go to the UK or the US? Selective Features of Immigration to four major OECD Countries
Geis, Wido; Uebelmesser, Silke; Werding, Martin - CESifo - 2008
, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …
Persistent link: https://www.econbiz.de/10005406154
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Entrepreneurial Innovation and Sustained Long-Run Growth Without Weak or Strong Scale Effects
Grossmann, Volker - 2021
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong scale effect") or the level of per capita income ("weak scale effect"), with far-reaching policy implications. However, for modern times there is little empirical support...
Persistent link: https://www.econbiz.de/10013316550
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The Impact of Continuous Training on a Firm's Innovations
Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - 2021
Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …
Persistent link: https://www.econbiz.de/10013316553