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Public goods are traditionally classified according to an exogenous, technological definition of possessing the characteristics of nonrivalry and nonexcludability. This paper takes a more endogenous approach, where goods are defined by the political purposes that specific actors have revolving...
Persistent link: https://www.econbiz.de/10013249429
This paper models the relationship between innovation and sustained economic growth through as being mediated by institutions that calibrate a 'structure of technological production' analogous to capital-based models of the structure of production. Our framework discusses two types of capital:...
Persistent link: https://www.econbiz.de/10013237452