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Education and innovation as twin-engines of growth
Stadler, Manfred - 2006
We develop a dynamic general equilibrium model of education, quality and variety innovation, and scale-invariant growth. The early endogenous innovation-based growth models incorporate a scale e?ect predicting that larger economies are characterized by higher per capita growth rates. Recent...
Persistent link: https://www.econbiz.de/10010301804
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Demand pull and technology push effects in the quality ladder model
Stadler, Manfred - 2000
This paper extends the standard quality ladder model of innovation and quality growth by allowing for heterogeneous industries. This enables us not only to deal with the Schumpeterian hypothesis about market power and innovation, but also to analyze industry specific demand pull and technology...
Persistent link: https://www.econbiz.de/10010305037
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Technological Progress and Market Growth : An Empirical Study Based on the Quality-Ladder Approach
Grupp, Hariolf; Stadler, Manfred - 2004
This paper develops an extended version of the quality-ladder model by allowing for heterogeneous markets. Based on this model, it presents an empirical analysis of innovation-based growth at the market level using a technometric measurement concept. It can be shown that a growth-promoting...
Persistent link: https://www.econbiz.de/10010296332
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10010306003
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Price Competition with Information Disparities in a Vertically Differentiated Duopoly
Cavaliere, Alberto - 2004
differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …
Persistent link: https://www.econbiz.de/10011324907
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Trade with R&D costs to entering foreign markets
Segerstrom, Paul S.; Stepanok, Ignat - 2010
In this paper, we present a standard quality ladders endogenous growth model with one significant new assumption, that it takes time for firms to learn how to export. We show that this model without Melitz-type assumptions can account for all the evidence that the Melitz (2003) model was...
Persistent link: https://www.econbiz.de/10010281417
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Money and growth in a production economy with multiple assets
Kaas, Leo; Weinrich, Gerd - 2000
We consider a Diamond-type model of endogenous growth in which there are three assets: outside money, government bonds, and equity. Due to productivity shocks, the equity return is uncertain, and risk averse investors require a positive equity premium. Typically, there exist two steady states,...
Persistent link: https://www.econbiz.de/10010292751
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Elastic Labour Supply and Optimal Taxation in a Model of Sustainable Endogenous Growth
DiMaria, Corrado - 2001
This paper presents an endogenous growth model which features elastic labour supply in order to address the distortions created by labour income and consumption taxation. Introducing elastic labour into an AK model greatly changes the structure of the model and raises problems regarding the...
Persistent link: https://www.econbiz.de/10010292777
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Intertemporal budget policies and macroeconomic adjustment in a small open economy
Fisher, Walter H.; Bianconi, Marcelo - 2001
small open economy, the valuation of private and public assets is in terms of the exogenous foreign price level under …
Persistent link: https://www.econbiz.de/10010292787
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R&D and absorptive capacity: From theory to data
Griffith, Rachel; Redding, Stephen; Van Reenen, John - 2000
This paper presents a unified model that integrates the theoretical literatue on Schumpeterian endogenous growth, the microeconometric literature on R&D and productivity, and the empirical literature on productivity convergence. Starting from a structural model of endogenous growth following...
Persistent link: https://www.econbiz.de/10010292991