Denicolò, Vincenzo; Zanchettin, Piercarlo - In: Economic Journal 120 (2010) 545, pp. 761-785
We study the effect of the competitive selection process on the economy's rate of growth. In an extension of standard quality-ladder models of endogenous growth, we allow for the possibility that in each period several asymmetric firms (representing an endogenously determined number of past...