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 …

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

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 …

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 analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … rise to positive externalities or knowledge spillovers in two ways. In this setting, we study whether and under what … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that …

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 …

innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on … the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

innovation - in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though …