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 …

explore the welfare properties of our model. Then we relate our approach to an alternative one that views product innovation …

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …

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 …

In this paper, I develop a model of dynamic comparative advantage based on endogenous innovation. Firms in each of two … and scarcity of natural resources, will specialize relatively in industrial innovation and in the production of high … subsidies and trade policies on the long-run rates of innovation in trade partner countries and on the long-run pattern of trade …

the exact nature of the innovation technology and its connection to international trade in goods and ideas. We consider …

which, as in Linder's theory, product quality plays the central role. A formal derivation of the Linder hypothesis is … support for Linder's theory …

with the theory of consumer behavior. substitution effects make demand curves slope down, but income effects can increase …