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The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives
Gray, Elie; Grimaud, André - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014
. This comparison sheds a new light on the consequences of non-rivalry of knowledge and of market incompleteness on …&D incentives in presence of cumulative innovations. Basically, the key externality triggered by market incompleteness implies that … knowledge creation is indirectly funded by means of intellectual property rights on rival goods embodying knowledge. Therefore …
Persistent link: https://www.econbiz.de/10010968934
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Risk Aversion in a Model of Endogenous Growth
Chiglino, Christian; Tabasso, Nicole - School of Economics, University of Surrey - 2014
consumption per capita grows at a strictly positive rate. On the other hand, for levels of risk aversion above the cut-off of …
Persistent link: https://www.econbiz.de/10010860978
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The Role of Product and Process Innovation in CGE Models of Environmental Policy
Baccianti, Claudio; Löschel, Andreas - WWWforEurope - 2014
In the last two decades, large scale CGE models used for environmental policy assessment underwent an important upgrade to integrate endogenous technological progress. Nevertheless, several complexities of innovation are still neglected even if they are of primary interest for policymakers. This...
Persistent link: https://www.econbiz.de/10010936487
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Dynamic analysis of wage inequality and creative destruction
Kishi, Keiichi - Graduate School of Economics, Osaka University - 2013
This paper investigates the transitional dynamics of a basic Schumpeterian growth model under constant relative risk aversion. In this model, there are three patterns of the evolution of wage inequality: (a) skill-biased technological change, i.e., technological progress leads to a widening of...
Persistent link: https://www.econbiz.de/10010939051
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Orta Gelir Tuzağından Çıkış
Kurtoğlu, Yusuf - In: Ekonomik Yaklasim 25 (2014) 90, pp. 71-90
Sanayileşme dönemi sonrasında inovasyon-yenilik ekonomisine geçiş sürecindeki üretim ilişkileri nasıl gelişmektedir. Bu süreç büyüme teorilerinde nasıl ele alınmaktadır. Bilgi faktörünün, patentin ekonomik ömrü boyunca “artan getiriye sahip olması”; bilginin girdi...
Persistent link: https://www.econbiz.de/10010940941
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The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives
Gray, Elie; Grimaud, André - Toulouse School of Economics (TSE) - 2014
. This comparison sheds a new light on the consequences of non-rivalry of knowledge and of market incompleteness on …&D incentives in presence of cumulative innovations. Basically, the key externality triggered by market incompleteness implies that … knowledge creation is indirectly funded by means of intellectual property rights on rival goods embodying knowledge. Therefore …
Persistent link: https://www.econbiz.de/10011004750
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Education Policies and Structural Transformation
Monge-Naranjo, Alexander; Cavalcanti Ferreira, Pedro; … - Federal Reserve Bank of St. Louis - 2014
This article studies the impact of education and fertility in structural transformation and growth. In the model there are three sectors, agriculture, which uses only low-skill labor, manufacturing, that uses high-skill labor only and services, that uses both. Parents choose optimally the number...
Persistent link: https://www.econbiz.de/10010951614
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Longevity and technological change
Gehringer, Agnieszka; Prettner, Klaus - Institut für Wirtschaftsmathematik, Technische … - 2014
We analyze the impact of increasing longevity on technological progress within an R&D-based endogenous growth framework and test the model's implications on OECD data from 1960 to 2011. The central hypothesis derived in the theoretical part is that - by raising the incentives of households to...
Persistent link: https://www.econbiz.de/10010954480
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The influence of different production functions on modeling resource extraction and economic growth
Voosholz, Frauke - Centrum für angewandte Wirtschaftsforschung, … - 2014
In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010957041
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A survey on modeling economic growth. With special interest on natural resource use
Voosholz, Frauke - Centrum für angewandte Wirtschaftsforschung, … - 2014
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
Persistent link: https://www.econbiz.de/10010957043