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Acemoglu, Daron - National Bureau of Economic Research - 2024

Does capital accumulation increase labor demand and wages? Neoclassical production functions, where capital and labor are q-complements, ensure that the answer is yes, so long as labor markets are competitive. This result critically depends on the assumption that capital accumulation does not...

Persistent link: https://www.econbiz.de/10014512044

Climate Change, Directed Innovation, and Energy Transition : The Long-run Consequences of the Shale Gas Revolution

Acemoglu, Daron; Aghion, Philippe; Barrage, Lint; … - National Bureau of Economic Research - 2023

reduces carbon emissions by inducing substitution away from coal. Yet, the natural gas boom discourages innovation directed at …

Persistent link: https://www.econbiz.de/10014372414

How Does Expropriation Risk Affect Innovation?

Benavente H., José Miguel; Bravo Ortega, Claudio; … - National Bureau of Economic Research - 2024

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …

Persistent link: https://www.econbiz.de/10014512142

Investment in New Activities and the Welfare Cost of Uncertainty

Aizenman, Joshua - 1995

Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...

Persistent link: https://www.econbiz.de/10012473852

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

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/10012474415

Substitution and Complementarity in Endogenous Innovation

Young, Alwyn - 1993

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

Persistent link: https://www.econbiz.de/10012474706

A Model of Growth Through Creative Destruction

Aghion, Philippe - 1990

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/10012475814

Quality Ladders and Product Cycles

Grossman, Gene M. - 1989

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/10012475836

Structural Transformation, Industrial Specialization, and Endogenous Growth

Bustos, Paula - 2019

The introduction of new technologies in agriculture can foster structural transformation by freeing workers who find occupation in other sectors. The traditional view is that this reallocation of workers towards manufacturing can lead to industrial development. However, when workers moving to...

Persistent link: https://www.econbiz.de/10012479820

Innovation, Growth, and Dynamic Gains from Trade

Hsu, Wen-Tai - 2019

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/10012480413

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