We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

recurrent knowledge investment through innovation and potential spillovers from the local milieu. The majority of the exporting … that does not engage in innovation and has scarce access to external knowledge, the level of productivity is 2-12 percent … higher for an innovative firm, depending on how innovation is defined and where the innovator is located. The annual long …

We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …

We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …

framework and a test on innovation data from several European cities. This framework is mainly built on the product life …