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This paper builds a model of R&D-based growth in which the discovery of higher-quality products is governedby sequential stochastic innovation contests. Incumbent firms producing state-of-the-art-quality productsexpend resources in activities to protect their rents; challengers raise claims to...
Persistent link: https://www.econbiz.de/10009451045
In this paper we integrate Schumpeterian endogenous growth into a general equilibrium framework. By explicitely modelling the innovation and technology adoption process we are able to match some stylized economic facts such as entry rates and survival times of firms in the U.S. economy or the...
Persistent link: https://www.econbiz.de/10012530265
How much should be spent in research and development (R&D)? How should R&D vary over the business cycle? In this paper we answer both questions in the context of a calibrated dynamic general equilibrium model with Schumpeterian endogenous growth. Firstly, we demonstrate that, although the...
Persistent link: https://www.econbiz.de/10012530284
Doctor of Philosophy
Persistent link: https://www.econbiz.de/10009464062
Este documento analiza el papel de las diferencias en crecimiento de la PTF entre el sector de la construcción y la economía en su conjunto para explicar la evolución de los precios reales de la vivienda. Para ello, primero se comparan las sendas de precios de construcción y vivienda en...
Persistent link: https://www.econbiz.de/10012530358
This paper examines cross-country patterns of economic growth by estimating a stochastic frontier production function for 80 developed and developing countries and decomposing output change into factor accumulation, total factor productivity growth, and production efficiency improvement. In...
Persistent link: https://www.econbiz.de/10009429952
Based on the 2008 Shaanxi Statistical Yearbook and the relevant data of Shaanxi GDP in the years 1952-2007, SPSS … GDP of Shaanxi Province in the next 6 years based on this model. Result shows that the relative error of actual value and … the GDP of Shaanxi Province is 647.750, 765.662, 905.866, 10735.10, 12744.69 and 15158.20 billion yuan in the year from …
Persistent link: https://www.econbiz.de/10009442702
imbalances and financial system was not destabilized. However, the crisis has here also been and a decline in GDP in 2009 to 4 … contributions to GDP and trends in future years. There are also described changes in the sector economic structure with focus on …
Persistent link: https://www.econbiz.de/10009445223
This paper aims to (1) analyze the relationship between rice exports and economic growth for the world’s top four exporting countries (Thailand, Vietnam, India, and the U.S) and (2) seek to determine to what extent market power affects a country’s economic growth. The main objective of this...
Persistent link: https://www.econbiz.de/10009445792
This study applies panel data techniques to investigate the long-run relationship between energy consumption and GDP … the degree of integration between GDP and energy consumption by employing three panel unit root tests and find that the … and GDP. Results overwhelming show that GDP and energy consumption move together in the long-run. In the third step, we …
Persistent link: https://www.econbiz.de/10009445806