We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the nonrivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …

important differences from continuous time. First, the probability of successful innovation cannot be homogeneous of degree one …

employment-density and productivity in modern economies …

concentration and firm size. These determine the scale and the efficiency of R&D operations and the (average) rate of innovation. If …

assuming that the set of potential projects for innovation in each period is limited. The model differs in a number of results … potential innovation. Second, the rate of growth of the economy is bounded and does not rise too much with the scale of the …

This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata … demonstrate that employment growth is explained by product innovation. On the other hand, we find no evidence of a displacement … from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …