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I - Q Cycles
Francois, Patrick; Lloyd-Ellis, Huw - 2005
delays in implementation and endogenous innovation, arise even in the presence of reversible investment. We derive the …
Persistent link: https://www.econbiz.de/10011940659
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Growth, Cycles and Welfare: A Schumpeterian Perspective
Francois, Patrick; Lloyd-Ellis, Huw - 2006
We use a Schumpeterian model in which both the economy's growth rate and its volatility are endogenously determined to assess some welfare and policy implications associated with business cycle fluctuations. Because it features a higher average growth rate than its acyclical counterpart,...
Persistent link: https://www.econbiz.de/10011940704
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Redistribution and occupational choice in a Schumpeterian growth model
Garcίa-Peñalosa, Cecilia; Wen, Jean-François - 2004
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10010273729
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Intrinsic Business Cycles with Pro-Cyclical R&D
Francois, Patrick; Lloyd-Ellis, Huw - 2006
Recent empirical work finds that R&D expenditures are quite procyclical, even for firms that are not redit-constrained during downturns. This has been taken as strong evidence against Schumpeterian-style theories of business cycles that emphasize the idea that downturns in production may be good...
Persistent link: https://www.econbiz.de/10011940716
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How much Keynes and how much Schumpeter? An Estimated Macromodel of the US Economy
Cozzi, Guido; Pataracchia, Beatrice; Pfeiffer, Philipp; … - 2017
the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the …
Persistent link: https://www.econbiz.de/10012055402
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Patents as Collateral
Chatelain, Jean-Bernard; Ralf, Kirsten; Amable, Bruno - In: Journal of Economic Dynamics & Control 34 (2010) 6, pp. 1094-1104
This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....
Persistent link: https://www.econbiz.de/10010311657
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Can Institutional Change Impact High-Technology Firm Growth?: Evidence from Germany's Neuer Markt
Audretsch, David B.; Elston, Julie Ann - 2004
and innovation within the German economy. …
Persistent link: https://www.econbiz.de/10010261491
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An empirical model of growth through product innovation
Lentz, Rasmus; Mortensen, Dale T. - 2005
through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution …
Persistent link: https://www.econbiz.de/10010267364
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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gerard - 2010
-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
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The implications of wage structure rigidity on human capital accumulation, economic growth and unemployment: A Schumpeterian approach to endogenous growth theory
Nusser, Michael - 1999
accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …
Persistent link: https://www.econbiz.de/10010301336