Dinopoulos, Elias; Syropoulos, Constantinos; … - 2023
This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … stochastic and sequential global innovation contests in which challengers devote resources to R&D to discover new products while … outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to …