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

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 …

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 …

REE can undertake two possible types of innovation at the same cost. The first (second) type of innovation is general …. First, we show that although the REE will never undertake the general innovation, he may undertake the specific innovation …. Second, we point out that even though the general innovation is not undertaken, the value to the creative region from the …

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 …

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 discuss a prospective, theoretical research agenda about the connections between entrepreneurship, innovation, and … innovation on economic growth and welfare in this ith region? Third, what are the impacts of alternate tax policies on innovation … innovation driven economic growth and welfare in this region? …

We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …