We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …

knowledge-based innovation systems. A system without sufficient options, for example, is locked-in. The generation of redundancy …" (TH) as attempts to find surplus value in bringing industrial innovation closer to public R&D. Whereas the firm is central … can take leading roles in innovation eco-systems. In addition to the (transversal) technology transfer at each moment of …