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Leaders and Followers : Perspectives on the Nordic Model and the Economics of Innovation
Stiglitz, Joseph E. - 2014
innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may … be particularly conducive to innovation, and demonstrates that, in general, the optimal policies of the leader should … industrial policies, public investments, and systems of social protection), not only leading to more innovation, but ensuring …
Persistent link: https://www.econbiz.de/10013047034
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2014
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10013064072
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"Success Taxes," Entrepreneurial Entry, and Innovation
Gentry, William M.; Hubbard, R. Glenn - 2021
Interest in the role of entrepreneurial entry in innovation raises the question of the extent to which tax policy … innovative entrepreneurs confounds interpreting this specification. Using education as a measure of potential for innovation, we …
Persistent link: https://www.econbiz.de/10013230410
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Innovation by Entrants and Incumbents
Acemoglu, Daron - 2010
We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more "radical" innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry...
Persistent link: https://www.econbiz.de/10013137600
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Varieties and the Transfer Problem : The Extensive Margin of Current Account Adjustment
Corsetti, Giancarlo - 2010
Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...
Persistent link: https://www.econbiz.de/10012759531
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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
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Market Segmentation and the Sources of Rents from Innovation : Personal Computers in the Late 1980'S
Bresnahan, Timothy; Stern, Scott; Trajtenberg, Manuel - 2021
segmentation) shaped the underlying incen- tives for innovation in the PC industry during the mid to late 1980s …
Persistent link: https://www.econbiz.de/10013245713
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Innovative Growth Accounting
Klenow, Peter; Li, Huiyu - 2022
Recent work highlights a falling entry rate of new firms and a rising market share of large firms in the United States. To understand how these changing firm demographics have affected growth, we decompose productivity growth into the firms doing the innovating. We trace how much each firm...
Persistent link: https://www.econbiz.de/10013323481
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Tax Policy for Innovation
Hall, Bronwyn H. - 2019
A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their...
Persistent link: https://www.econbiz.de/10012871938
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Tax Loss Carryforwards and Corporate Tax Incentives
Auerbach, Alan J.; Poterba, James M. - 2021
This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data gathered from corporate annual reports, we estimate that in 1984 fifteen percent of the firms in the nonfinancial corporate sector had tax loss carryforwards. When weighted by their...
Persistent link: https://www.econbiz.de/10013248708