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We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012982867
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 …
Persistent link: https://www.econbiz.de/10013077098
We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the sense of Richard Florida and that uses digital technologies to produce a final consumption good. The use of these digital technologies in our creative region gives rise to...
Persistent link: https://www.econbiz.de/10013019813
We analyze spatial spillovers in an aggregate economy consisting of a leading and a lagging region where the spillovers stem from the provision of a local public good. Specifically, if the leading region provides the public good then the lagging region obtains some spillover benefits and vice...
Persistent link: https://www.econbiz.de/10012917699
We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are...
Persistent link: https://www.econbiz.de/10014039518
We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project's type is known to the entrepreneur but not to the...
Persistent link: https://www.econbiz.de/10013118891
We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an arranged marriage. First, we show that this individual never opts out of a voluntarily agreed upon marriage. Second, we demonstrate that our marrying individual uses a reservation...
Persistent link: https://www.econbiz.de/10013123426
Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...
Persistent link: https://www.econbiz.de/10013106397
We study some measurement issues that arise when analyzing the long run behavior of the jth creative region's time t log output per creative class member (y<sub>j</sub>(t)) when this region is part of an aggregate economy of j = 1, …, N creative regions. We focus first (second) on absolute (relative)...
Persistent link: https://www.econbiz.de/10012964104
We first construct a theoretical model of tax evasion in a stylized developing country in which all taxpayers have either high or low income. The key problem is that the high income taxpayers may under report their income. An individual income tax return can only be verified with an audit that...
Persistent link: https://www.econbiz.de/10013152474