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We study the properties of economic growth in a region that is driven by the activities of the so-called creative class. On the consumption side of our regional economy, we focus on an infinitely lived creative class household and on the production side of this same economy, we concentrate on a...
Persistent link: https://www.econbiz.de/10014030311
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constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …
Persistent link: https://www.econbiz.de/10013102492
constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …
Persistent link: https://www.econbiz.de/10013076867
Persistent link: https://www.econbiz.de/10011572337
We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … rise to positive externalities or knowledge spillovers in two ways. In this setting, we study whether and under what … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that …
Persistent link: https://www.econbiz.de/10013077098
We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … rise to positive externalities or knowledge spillovers in two ways. In this setting, we study whether and under what … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that …
Persistent link: https://www.econbiz.de/10013060431
Persistent link: https://www.econbiz.de/10011301026
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
Persistent link: https://www.econbiz.de/10011491971
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