We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …

existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …

We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the … technologies in our creative region gives rise to incomplete knowledge spillovers. Our analysis generates three salient findings … creative region and then we relate our findings to the incompleteness of the above mentioned knowledge spillovers …

We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition …

environmental regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on … of an unanticipated increase in innovation on the polluting firm's steady state capital stock. Fourth, we analyze the … impact of an anticipated increase in innovation on the polluting firm's steady state capital stock. Finally, we discuss the …

lower limit of the support of the random variable that describes the outcome of innovation quality improvements, takes the … little innovation, and we conclude by commenting on the implications of our findings for future research on Schumpeterian …

deterministic model, R&D in time t surely leads to an innovation in time t 1. In this setting, we show that relative to the balanced … innovation and a higher growth rate. Next, in the stochastic model, R&D in time t probabilistically leads to an innovation in …