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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
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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
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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
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Schumpeterian creative class competition, innovation policy, and regional economic growth
Batabyal, Amitrajeet A.; Yoo, Seung-Jick - In: International review of economics & finance : IREF 55 (2018), pp. 86-97
Persistent link: https://www.econbiz.de/10012033453
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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
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A nonparametric model of financial system and economic growth
Mishra, Sagarika; Narayan, Paresh Kumar - In: International review of economics & finance : IREF 39 (2015), pp. 175-191
Persistent link: https://www.econbiz.de/10011572430
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Evaluating exchange rate forecasts along time and frequency
Caraiani, Petre - In: International review of economics & finance : IREF 51 (2017), pp. 60-81
Persistent link: https://www.econbiz.de/10011754137
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Nominal Exchange Rates and Nominal Interest Rate Differentials
Nadal-De Simone, Francisco - 1999
This paper reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest rate differentials and provides a model for the behavior of exchange rates in the long run, where interest rates are determined in the bond market. The...
Persistent link: https://www.econbiz.de/10014400414
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Deer Hunting : Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates
Taylor, Mark P. - 1993
This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER...
Persistent link: https://www.econbiz.de/10014396472
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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