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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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Innovation, reallocation, and growth
Acemoglu, Daron; Akcigit, Ufuk; Alp, Harun; Bloom, Nicholas - In: The American economic review 108 (2018) 11, pp. 3450-3491
Persistent link: https://www.econbiz.de/10011953571
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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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Why is rent-seeking so costly to growth?
Murphy, Kevin M. - In: The American economic review 83 (1993) 2, pp. 409-414
Persistent link: https://www.econbiz.de/10001144947
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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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Transitional dynamics and economic growth in the neoclassical model
King, Robert G. - In: The American economic review 83 (1993) 4, pp. 908-931
Persistent link: https://www.econbiz.de/10001150304
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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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Consumption Smoothing and Exchange Rate Volatility
Turtelboom, Bart - 1995
This paper analyzes exchange rate behavior in a model where consumers trade goods to diversify shocks to their income. A model with traded and nontraded goods is simulated in a multilateral context based upon historical output correlations for the period 1970–92. Simulation results indicate...
Persistent link: https://www.econbiz.de/10014397963
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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