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concentration and firm size. These determine the scale and the efficiency of R&D operations and the (average) rate of innovation. If …
Persistent link: https://www.econbiz.de/10014084778
I study an economy where oligopolistic firms establish in-house R&D programs to produce a continuous flow of cost-reducing (incremental) innovations. The scale of firms' R&D operations determines the rate of productivity growth. I first study the role of concentration, firm size, and demand,...
Persistent link: https://www.econbiz.de/10014084825
This paper presents a general-equilibrium model of endogenous skilled-biased technological change and matching unemployment in a disaggregated economy. We simultaneously endogenise both the direction and pace of technological change as well as the unemployment rates. We show that an increase in...
Persistent link: https://www.econbiz.de/10010457727
can be controlled by reducing the pollution intensity of a given quantity through costly research (green innovation) and … implies that the rate of GDP growth remains below productivity growth (deceleration). While neither green innovation nor …
Persistent link: https://www.econbiz.de/10010337839
Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...
Persistent link: https://www.econbiz.de/10011477128
the fundamental (and still poorly understood) role played by innovation in the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10011752444
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010189836
high levels of growth but very low levels of female schooling, and that deleting the female education variable would cast … doubt on the statistical significance of the male education variable. Deletion diagnostics and partial scatter plots are … sample and deleting female education from their growth equations is then examined. The results obtained point to the fragile …
Persistent link: https://www.econbiz.de/10014184328
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate microfounded fertility and schooling into an otherwise standard R&D-based growth model. We...
Persistent link: https://www.econbiz.de/10008906841
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or population growth, an implication which is hard to see in the data. Here we integrate micro-founded fertility and schooling into an otherwise standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10008809945