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Patent Protecton and Strategic Delays in Technology Development: Implications for Econonmic Growth
Chen, Maggie Xiaoyang; Iyigun, Murat - Institute for International Economic Policy (IIEP), … - 2010
We present an endogenous growth nmodel in which both the investment to develop a new technology - that upgrades the … quality of machines - and entry of imitators are determined endogenously. According to the model, how soon the new-technology … machines in launched after the patent is granted is influenced by two factors: returns to scale in technology development and …
Persistent link: https://www.econbiz.de/10010615419
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Strategic R&D Delays Generate Market Power
Iyigun, Murat F.; Chen, X. Maggie - Econometric Society - 2004
We develop an economic growth model in which both the R&D resources to develop new product applications and the market structure of consumption goods manufacturing are determined endogenously. There exists uncertainty with respect to the development date of an inaugural product, although higher...
Persistent link: https://www.econbiz.de/10005342266
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Public education and economic prosperity: Semi-endogenous growth revisited
Prettner, Klaus - Institut für Wirtschaftsmathematik, Technische … - 2012
We introduce publicly funded education into R&D-based economic growth theory. Our framework allows us to i) explicitly …-endogenous growth theory with the empirical evidence on the relationship between economic development and population growth, and iii …
Persistent link: https://www.econbiz.de/10010954485
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Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data
Young, Andrew T.; Levy, Daniel; Higgins, Matthew J. - Department of Economics, Bar Ilan University - 2004
We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...
Persistent link: https://www.econbiz.de/10008478916
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Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data
Young, Andrew; Levy, Daniel; Higgins, Matthew - EconWPA - 2004
We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...
Persistent link: https://www.econbiz.de/10005126012
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Schooling, learning on-the-job, earnings and inequality
Correia, Luis P. - School of Economics, Finance and Management, University … - 2006
Why might people in poor countries leave school earlier and invest less in learning on-thejob than people in rich ones? How do these human capital decisions impact on inequality? To give quantitative answers to these questions, I build an overlapping generations model with optimal human capital...
Persistent link: https://www.econbiz.de/10005577214
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Political decentralization and technological innovation: testing the innovative advantages of decentralized states
Taylor, Mark Zachary - Volkswirtschaftliche Fakultät, … - 2007
to be viewed as rigid and thus hostile to the risks, costs, and change associated with new technology; or are subject to … publications, and high-technology exports. The results suggest that the supposed technological advantages of decentralized states …
Persistent link: https://www.econbiz.de/10005617197
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The Parental Choice of Education: Income Inequality and Endogenous Growth
Lin, Tin-Chun - In: The Journal of Economics 29 (2003) 2, pp. 37-66
In this paper, I modify the model of Glomm and Ravikumar (1992) and extend their work. In particular, I examine the link between income growth and inequality in a setting in which public and private education can coexist. In this setting, households are free to opt out of public education in...
Persistent link: https://www.econbiz.de/10010857424
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Growth and enduring epidemic diseases
Bell, Clive; Gersbach, Hans - In: Journal of Economic Dynamics and Control 37 (2013) 10, pp. 2083-2103
This paper analyzes the interplay of human capital formation and economic growth when there is premature adult mortality. Failing adequate insurance arrangements, a long wave of such mortality can so undermine human capital formation as to induce an economic collapse. In nuclear family...
Persistent link: https://www.econbiz.de/10010871019
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Does Longevity Cause Growth?
Hazan, Moshe; Zoabi, Hosny - C.E.P.R. Discussion Papers - 2005
. This result is consistent with historical evidence that longevity began to increase long before education did. Our theory …
Persistent link: https://www.econbiz.de/10005666793