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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …
Persistent link: https://www.econbiz.de/10011537553
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …
Persistent link: https://www.econbiz.de/10003881344
We study the optimal R&D trajectory in a setting where new technologies are never perfect backstops in the sense that there is no perfectly clean technology that eventually solves the pollution problem once and for all. New technologies have stings attached, i.e. each emits a specific stock...
Persistent link: https://www.econbiz.de/10003592656
In the following paragraphs we will discuss the "mapping of innovative clusters in national innovation systems". For … Innovation Survey (which is comparable with CIS data). The Community Innovation Survey (CIS) is an initiative of the EU … innovation systems, highlight the outline conditions for innovations in Germany, focusing above all on the basis of innovations …
Persistent link: https://www.econbiz.de/10011442326
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
Persistent link: https://www.econbiz.de/10011518444
their inward looking or exploitationʺ attitude in R&D and innovation. We argue that because of sunk costs and learning …. Among other things, this suggests that explorationʺ, which leads to the opening of new innovation trajectories, requires not …
Persistent link: https://www.econbiz.de/10003211779
product and process innovation among exporting firms and these innovations have a larger impact on productivity improvement in …
Persistent link: https://www.econbiz.de/10011932163
, results in a higher level of innovation. …
Persistent link: https://www.econbiz.de/10011523640