shift from an optimal into a non-optimal innovation policy. Design/methodology/approach – A theoretical model is developed … in order to examine and explain the growth and welfare effects of optimal and non-optimal innovation policies. The non … supporting national R&D instead of foreign R&D and conclude that the same support given to innovation can produce strikingly …

accumulation and the dissemination of knowledge/technological diffusion. These items traditionally appear as separate growth … technological achievements are considered; economic agents simultaneously want to expand the theoretical knowledge frontier and to … reduce the gap between ready-to-use techniques and potentially available knowledge. Considering an objective function that …

agglomeration economies, a knowledge variable is assumed. Returning to a two location economy one is able to assess in graphical … terms the relation between distribution of knowledge and location of economic activities. …

consider a process of knowledge obsolescence / depreciation that is similar to the depreciation process of physical goods. As a … returns prevail). In this paper, we introduce a new assumption about the generation of knowledge, which involves entropy, i ….e., introducing additional knowledge to generate more knowledge becomes counterproductive after a given point. The new assumption is …