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Health, Human Capital Formation and Knowledge Production : Two Centuries of International Evidence

Madsen, Jakob B. - 2012

Recent medical research shows that health is highly influential for learning and the ability to think laterally; however, past economic studies have failed to empirically examine the influence of health on learning, schooling, and ideas production; the main drivers of growth in endogenous growth...

Persistent link: https://www.econbiz.de/10013099411

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 2010

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012763516

Buy, Keep or Sell : Economic Growth and the Market for Ideas

Akcigit, Ufuk - 2016

An endogenous growth model is developed where each period firms invest in researching and developing new ideas. An idea increases a firm's productivity. By how much depends on how central the idea is to a firm's activity. Ideas can be bought and sold on a market for patents. A firm can sell an...

Persistent link: https://www.econbiz.de/10013006902

A Theory of Growth and Volatility at the Aggregate and Firm Level

Comin, Diego; Mulani, Sunil - 2021

This paper presents an endogenous growth model that explains the evolution of the first and second moments of productivity growth at the aggregate and firm level during the post-war period. Growth is driven by the development of both (i) idiosyncratic R&D innovations and (ii) general innovations...

Persistent link: https://www.econbiz.de/10013224700

Quality Ladders and Product Cycles

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10013235883

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob; Kortum, Samuel S. - 2021

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10013248388

Substitution and Complementarity in Endogenous Innovation

Young, Alwyn - 2021

technologies in recent models of endogenous innovation. Historical examples of technological change suggest that new technologies …

Persistent link: https://www.econbiz.de/10013246662

Innovation, Diffusion, and Trade

Eaton, Jonathan - 2012

We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...

Persistent link: https://www.econbiz.de/10012755480

Innovation, Growth, and Dynamic Gains from Trade

Hsu, Wen-Tai; Riezman, Raymond G.; Wang, Ping - 2022

trade affects the incentives for technological advancement. We construct an innovation-based endogenous growth model of … North-South trade. There are two types of innovation: one by the North to upgrade the general purpose technology (GPT) and … estimates where the effects of GPT-driven innovation are eliminated. The share of dynamic gains from trade is about 78% of the …

Persistent link: https://www.econbiz.de/10013322981

A Model of Growth Through Creative Destruction

Aghion, Philippe; Howitt, Peter - 2022

This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both...

Persistent link: https://www.econbiz.de/10013323577

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