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Innovation by entrants and incumbents
Acemoglu, Daron; Cao, Dan - In: Journal of Economic Theory 157 (2015) C, pp. 255-294
We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more “radical” innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both...
Persistent link: https://www.econbiz.de/10011263575
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State-Dependent Intellectual Property Rights Policy
Acemoglu, Daron; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2006
questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …
Persistent link: https://www.econbiz.de/10005720003
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State-Dependent Intellectual Property Rights Policy
Acemoglu, Daron; Akcigit, Ufuk - 2016
questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …
Persistent link: https://www.econbiz.de/10014053845
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Distance to Frontier, Selection, and Economic Growth
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …
Persistent link: https://www.econbiz.de/10005789082
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Localized and Biased Technologies : Atrkinson and Stiglitz's New View, Induced Innovations, and Directed Technological Change
Acemoglu, Daron - 2015
. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological …
Persistent link: https://www.econbiz.de/10013033817
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Vertical Integration and Distance to Frontier
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2002
frontier. In vertically integrated firms, owners (managers) have to spend time both on production and innovation activities …, and this creates managerial overload, and discourages innovation. Outsourcing of some production activities mitigates the … frontier, the value of innovation increases, encouraging outsourcing. …
Persistent link: https://www.econbiz.de/10005123937
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Distance to Frontier, Selection, and Economic Growth
Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - 2015
innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy … investments, but little selection. Closer to the world technology frontier, there is a switch to an innovation-based strategy with …
Persistent link: https://www.econbiz.de/10014073922
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Capital Deepening and Non-Balanced Economic Growth
Acemoglu, Daron; Guerrieri, Veronica - Society for Economic Dynamics - SED - 2006
This paper constructs a model of non-balanced economic growth. The main economic force is the combination of differences in factor proportions and capital deepening. Capital deepening tends to increase the relative output of the sector with a greater capital share (despite the equilibrium...
Persistent link: https://www.econbiz.de/10004977929
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The World Income Distribution
Acemoglu, Daron; Ventura, Jaume - C.E.P.R. Discussion Papers - 2001
We show that even in the absence of diminishing returns in production and technological spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns – countries that accumulate capital faster than...
Persistent link: https://www.econbiz.de/10005662414
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The World Income Distribution
Acemoglu, Daron; Ventura, Jaume - 2003
We show that even in the absence of diminishing returns in production and technological spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: Countries that accumulate capital faster than...
Persistent link: https://www.econbiz.de/10014139207