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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 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 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 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 … possibilities frontier that is consistent with balanced economic growth. Third, we derive the growth rate of the ith region in the …
Persistent link: https://www.econbiz.de/10014143303
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
creative capital, and the production of output in a region that is creative in the sense of Richard Florida. Our first model … mobility affects the impact of the change in education on the output of the knowledge good. Our second model is similar to the …
Persistent link: https://www.econbiz.de/10012979996
In this note we study aspects of economic growth in a region that produces a final consumption good with creative and …. Our analysis leads to three results. First, we compute the growth rate of creative capital in our regional economy. Second …, we show that despite the presence of increasing returns, the regional economy under study converges to a balanced growth …
Persistent link: https://www.econbiz.de/10012985549
We analyze inefficiency and inequality associated with the use of creative capital to produce a final good. We first study a case in which the creative capital units are perfect substitutes in the production of the final good. We show that the equilibrium outcome is inefficient and that there is...
Persistent link: https://www.econbiz.de/10012986624