both an engine of growth and a potential barrier to it. As a result, growth is an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show … between innovating and standardizing firms is modelled and on parameter values, a new type of multiplicity of equilibria may …

both an engine of growth and a potential barrier to it. As a result, growth is an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show … between innovating and standardizing firms is modelled and on parameter values, a new type of multiplicity of equilibria may …

cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross … their terms of trade. Our estimates imply that, all else equal, a 1 percentage point faster growth is associated with …

, the cross-sectional behaviour of the world economy is similar to that of existing exogenous growth models. Cross … terms of trade. Our estimates imply that, all else equal, a 1% faster growth is associated with approximately a 0.7% decline …

both an engine of growth and a potential barrier to it. As a result, growth in an inverse U-shaped function of the … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …

Botswana has had the highest rate of per-capita growth of any country in the world in the last 35 years. This occurred …

endogenous evolution of the production network could be a powerful force towards sustained economic growth. At the root of this …

framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. The …We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve … model generates a non-degenerate equilibrium firm size distribution driven by entry of new firms and expansion exit of …

This paper constructs a model of non-balanced economic growth. The main economic force is the combination of … models, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital … consistent with US data. In particular, the model generates more rapid growth of employment in less capital-intensive sectors …

What form of intellectual property rights (IPR) policy contributes to economic growth? Should technological followers … questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … implications of different types of IPR policy on the equilibrium growth rate. The two major results of this exercise are as follows …