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such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
innovation drive income expansion. Funke and Strulik [2000]. On endogenous growth with physical capital, human capital and … phases, characterized in a temporal order by physical capital accumulation, human capital formation, and innovation, and that … development are possible and show that the model can generate a trajectory in which innovation precedes human capital formation …
Persistent link: https://www.econbiz.de/10013040130
revolution is going to be an innovation super-fluctuation. …
Persistent link: https://www.econbiz.de/10012303145
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
Persistent link: https://www.econbiz.de/10014025173
discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
Persistent link: https://www.econbiz.de/10011730583
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and … growth ; innovation and imitation ; intellectual property rights …
Persistent link: https://www.econbiz.de/10003954544
This paper applies the Directed Technical Change (DTC) framework to study improvements in the efficiency of energy use. We present a theoretical model which (1) shows that the demand for energy is shifted down by innovations in energy intensive sectors and (2) highlights the drivers of...
Persistent link: https://www.econbiz.de/10011334550
investment and innovation-driven, environmentally sustainable development holds important implications for both national and … and innovation-driven, environmentally sustainable growth path. We show that if R&D technological innovation is … environmental quality improves at a rate of 2.5%. In contrast, if R&D technological innovation is not harnessed as a new growth …
Persistent link: https://www.econbiz.de/10011451689