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analysis focuses on two cases. The first (second) case concerns the impact of faster neutral (non-neutral) productivity growth … whether or not faster productivity growth in the tradable sector results in the departure of creative people from this sector … to the non-tradable sector is independent of whether this faster productivity growth is neutral or non-neutral. In …
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We analyze inefficiency and inequality associated with the use of creative capital to produce a final good. We first study a case in which the creative capital units are perfect substitutes in the production of the final good. We show that the equilibrium outcome is inefficient and that there is...
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We analyze inefficiency and inequality associated with the use of creative capital to produce a final good. We first study a case in which the creative capital units are perfect substitutes in the production of the final good. We show that the equilibrium outcome is inefficient and that there is...
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This paper addresses the issue of technogenesis and its geographical pattern. It aims to offer both a general analysis framework and a test on innovation data from several European cities. This framework is mainly built on the product life-cycle and the incubation approach. On the basis of this...
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