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This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …
Persistent link: https://www.econbiz.de/10008568450
inflation on welfare, growth and the size of the financial sector. A novel feature is that the innovation sector is … imposing a cash-in-advance constraint in the innovation sector. …
Persistent link: https://www.econbiz.de/10008528451
This paper analyzes the impact of inequality on growth when technical progress is driven by innovations and consumers have hierarchic preferences. Inequality has an impact on growth because it affects the structure and the dynamics of demand. Redistribution from very rich to very poor consumers...
Persistent link: https://www.econbiz.de/10005627889