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We study aspects of economic growth in a region that is creative in the sense of Richard Florida. We model creativity …=r ̇=0. Third, we investigate whether the economy of our creative region has a balanced growth path (BGP). Finally …
Persistent link: https://www.econbiz.de/10012949724
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 …. First, we show that in the so called balanced growth path (BGP) equilibrium, growth is unbalanced because R&D takes place …
Persistent link: https://www.econbiz.de/10012982867
We study economic growth and investment income taxation in a region that is creative in the sense of Richard Florida … leads to three results. First, we derive an analytic expression that links the growth rate of the relative price of physical … capital goods to the growth rate of physical capital in the consumption goods sector. Second, we highlight the connection …
Persistent link: https://www.econbiz.de/10014036522
We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that …
Persistent link: https://www.econbiz.de/10013118891
particular kind of innovative activity on economic growth. In each of the N heterogeneous regions in our model, consumers have …We use a multi-region model and provide the first theoretical analysis of the effects of human capital use and a … a balanced growth path equilibrium, we characterize the market clearing factor prices, and we determine the free entry …
Persistent link: https://www.econbiz.de/10013102492
use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region …, consumers have constant relative risk aversion preferences, there is no human capital growth, and there are three kinds of … balanced growth path (BGP) equilibrium and show that the BGP growth rate depends negatively on the rate at which patents expire …
Persistent link: https://www.econbiz.de/10013103536
We theoretically analyze unbalanced growth in an urban economy arising from the preferences of the creative class … constant rate does not exist. Fourth, we show that a constant growth path (CGP) equilibrium exists in which, across the three …
Persistent link: https://www.econbiz.de/10013108116
N creative regions are similar (dissimilar) in that they all have the same (different) balanced growth path (BGP) level … how to estimate b from our knowledge of the coefficients of a related cross-region growth regression …
Persistent link: https://www.econbiz.de/10012964104
taxes and subsidies on R&D by existing and candidate entrepreneurs have on R&D expenditures and regional economic growth …
Persistent link: https://www.econbiz.de/10012951963
We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend aspects of the recent analysis in Batabyal and Beladi (2017). Using the terminology of these researchers, members of the creative class are either artists or engineers. This...
Persistent link: https://www.econbiz.de/10012954387