Showing 1 - 10 of 19,659
endogenously with technological change. If technology changes rapidly during the process of development, learning fosters the …
Persistent link: https://www.econbiz.de/10014154178
We present an endogenous growth model 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 … machine is launched after the patent is granted is influenced by two factors: returns to scale in technology development and …
Persistent link: https://www.econbiz.de/10014028982
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the …
Persistent link: https://www.econbiz.de/10011671850
Persistent link: https://www.econbiz.de/10012419496
In the standard horizontal innovation model of endogenous growth, larger economies innovate more and grow faster. Due to the homotheticity of preferences, however, it does not matter whether the large market size comes from a large population or a high per capita expenditure. In this paper, we...
Persistent link: https://www.econbiz.de/10012844841
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...
Persistent link: https://www.econbiz.de/10010510592
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...
Persistent link: https://www.econbiz.de/10013023751
Chen and Dahlman assess the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, they show that knowledge is a...
Persistent link: https://www.econbiz.de/10014068658
&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …
Persistent link: https://www.econbiz.de/10013317723