This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate … productivity dependent wage differentials. Productivity growth creates intertemporal spillover effects, which affect the incentives …

Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given … inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of … productivity for the advancement of various aspects of social progress and in terms of understanding the feedback mechanisms …