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analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …
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analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …
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We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
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We construct a model of the product cycle featuring endogenous innovation and endogenous technology transfer …
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