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Wants and Past Knowledge: Growth Cycles with Emerging Industries
Horii, Ryo - Graduate School of Economics, Osaka University - 2006
satisfy an indefinite range of wants and firmsf incentive to utilize knowledge from past production experiences. We show that … unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumersf desire to …
Persistent link: https://www.econbiz.de/10005774305
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Wants and Past Knowledge: Growth Cycles with Emerging Industries
Horii, Ryo - EconWPA - 2005
satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …
Persistent link: https://www.econbiz.de/10005407691
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Growth Through Heterogeneous Innovations
Akcigit, Ufuk; Kerr, William R. - Census Bureau, Department of Commerce - 2012
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010553118
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Growth through heterogeneous innovations
Akcigit, Ufuk; Kerr, William R. - Suomen Pankki - 2013
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10010818983
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Horizontal innovation in the theory of growth and development
Gancia, Gino; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2005
We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” model, labor-for-intermediates” and...
Persistent link: https://www.econbiz.de/10005772070
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R&D, Competition and Growth with Human Capital Accumulation Revisited
Bianco, Dominique - In: Swiss Journal of Economics and Statistics (SJES) 148 (2012) IV, pp. 477-495
In this paper, we have presented a generalization of Bucci's (2003) model in which have disentangled the monopolistic mark-up in the intermediate goods sector, the intermediate goods share in the final output and the returns to specialization in order to have a better measurement of competition....
Persistent link: https://www.econbiz.de/10010722011
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From Smith to Schumpeter: A Theory of Take-Off and Convergence to Sustained Growth
Peretto, Pietro F. - Duke University, Department of Economics - 2013
This paper develops a theory of the emergence of modern innovation-driven Schumpeterian growth. It uses a tractable model that yields a closed-form solution, consisting of an S-shaped (i.e., logistic-like) time path of firm size and a set of equations that express the relevant endogenous...
Persistent link: https://www.econbiz.de/10010667355
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Start-up Costs and Pecuniary Externalities as Barriers to Economic Development
Ciccone, Antonio; Matsuyama, Kiminori - Center for Mathematical Studies in Economics and … - 1992
One critical aspect of economic development is that productivity growth and a rising standard of living are realized through more roundabout methods of production and increasing specialization of intermediate inputs and producer services. We use an extended version of the Judd-Grossman-Helpman...
Persistent link: https://www.econbiz.de/10005824466
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Resource Wealth, Innovation and Growth in the Global Economy
Peretto, Pietro F.; Valente, Simone - CER-ETH Center of Economic Research, Department of … - 2010
(lower) resource income, lower (higher) employment in the resource-intensive sector, higher (lower) knowledge creation and …
Persistent link: https://www.econbiz.de/10008541582
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A Schumpeterian Analysis of Deficit-Financed Dividend Tax Cuts
Peretto, Pietro F. - Duke University, Department of Economics - 2010
I propose a Schumpeterian analysis of the growth and welfare effects of a deficit-financed cut of the tax rate on distributed dividends. I find that income per capita growth initially accelerates and then decelerates, eventually converging to a long-run value lower than the starting one....
Persistent link: https://www.econbiz.de/10008549036