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Wants and Past Knowledge: Growth Cycles with Emerging Industries
Horii, Ryo - EconWPA - 2005
satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …
Persistent link: https://www.econbiz.de/10005407691
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk; Kerr, William R. - Census Bureau, Department of Commerce - 2012
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010553118
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Growth through heterogeneous innovations
Akcigit, Ufuk; Kerr, William R. - Suomen Pankki - 2013
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010818983
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R&D, Competition and Growth with Human Capital Accumulation Revisited
Bianco, Dominique - In: Swiss Journal of Economics and Statistics (SJES) 148 (2012) IV, pp. 477-495
In this paper, we have presented a generalization of Bucci's (2003) model in which have disentangled the monopolistic mark-up in the intermediate goods sector, the intermediate goods share in the final output and the returns to specialization in order to have a better measurement of competition....
Persistent link: https://www.econbiz.de/10010722011
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From Smith to Schumpeter: A Theory of Take-Off and Convergence to Sustained Growth
Peretto, Pietro F. - Duke University, Department of Economics - 2013
This paper develops a theory of the emergence of modern innovation-driven Schumpeterian growth. It uses a tractable model that yields a closed-form solution, consisting of an S-shaped (i.e., logistic-like) time path of firm size and a set of equations that express the relevant endogenous...
Persistent link: https://www.econbiz.de/10010667355
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Growth and Competition in a Model of Human Capital Accumulation and Research
Bianco, Dominique - Volkswirtschaftliche Fakultät, … - 2008
The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition....
Persistent link: https://www.econbiz.de/10005787146
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Start-up Costs and Pecuniary Externalities as Barriers to Economic Development
Ciccone, Antonio; Matsuyama, Kiminori - Center for Mathematical Studies in Economics and … - 1992
One critical aspect of economic development is that productivity growth and a rising standard of living are realized through more roundabout methods of production and increasing specialization of intermediate inputs and producer services. We use an extended version of the Judd-Grossman-Helpman...
Persistent link: https://www.econbiz.de/10005824466
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A Schumpeterian Analysis of Deficit-Financed Dividend Tax Cuts
Peretto, Pietro F. - Duke University, Department of Economics - 2010
I propose a Schumpeterian analysis of the growth and welfare effects of a deficit-financed cut of the tax rate on distributed dividends. I find that income per capita growth initially accelerates and then decelerates, eventually converging to a long-run value lower than the starting one....
Persistent link: https://www.econbiz.de/10008549036
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Is the 'Curse of Natural Resources' Really a Curse?
Peretto, Pietro F. - Duke University, Department of Economics - 2010
This paper takes a new look at the long-run implications of resource abundance. Using a Schumpeterian growth model that yields an analytical solution for the transition path, it derives conditions under which the curse of natural resources occurs and is in fact a curse, meaning that welfare...
Persistent link: https://www.econbiz.de/10008549042
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Competition, imitation, and R&D productivity in agrowth model with sector-specific patent protection
Mosel, Malte - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2009
Recent empirical studies suggest a need for a ?exible patent regime responding to industry characteristics. In practice, sector-speci?c modi?cations of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what direction...
Persistent link: https://www.econbiz.de/10008500709