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Innovate to lead or innovate to prevail : when do monopolistic rents induce growth?

Piazza, Roberto; Zheng, Yu - 2019

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to …

Persistent link: https://www.econbiz.de/10012155163

Tracing productivity growth channels in the UK

Garcia-Macia, Daniel; Korosteleva, Julia - 2021

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …

Persistent link: https://www.econbiz.de/10012795165

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

Persistent link: https://www.econbiz.de/10012517949

Institutions, innovations, and Growth

Xu, Chenggang - 1999

The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...

Persistent link: https://www.econbiz.de/10014403467

Exchange rates, labour costs and international competitiveness

Salowski, Heinz - In: Intereconomics : review of European economic policy 17 (1982) 4, pp. 198-200

The international competitiveness of German industry, so greatly dependent on exports, is in large measure determined both by fluctuations in the rate of exchange and by the level of its labour costs in relation to those of its competitors in the world market. Recent trends in these two factors...

Persistent link: https://www.econbiz.de/10011554733

The Monetary Approach to the Exchange Rate : Rational Expectations, Long-Run Equilibrium and Forecasting

MacDonald, Ronald - 1992

We re-examine the monetary approach to the exchange rate from a number of perspectives, using monthly data on the deutschemark-dollar exchange rate. Using the Campbell-Shiller technique for testing present value models, we reject the restrictions imposed upon the data by the forward-looking...

Persistent link: https://www.econbiz.de/10014395316

Competition, innovation, and inclusive growth

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

reality by considering the spillover and dynamic effects of market power, especially on firm entry, innovation, and inequality …We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …

Persistent link: https://www.econbiz.de/10012518975

China's declining business dynamism

Cerdeiro, Diego A.; Ruane, Cian - 2022

After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to analyze productivity and firm dynamism trends from 2003 to 2018. We document six facts that together show a decline in China's business dynamism. We show that (i) the revenue share...

Persistent link: https://www.econbiz.de/10013170240

Innovation systems : from fixing market failures to creating markets

Mazzucato, Mariana - In: Intereconomics : review of European economic policy 50 (2015) 3, pp. 120-125

Persistent link: https://www.econbiz.de/10010529930

How to turn on the innovation growth machine in Europe

Veugelers, Reinhilde; Cincera, Michele - In: Intereconomics : review of European economic policy 50 (2015) 1, pp. 4-9

Persistent link: https://www.econbiz.de/10010402007

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