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What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
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We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
This survey reviews the literature on firm dynamics, innovation and growth aiming to better understand the main … channels through which innovation affects the performance of modern economies. Since innovations fundamentally diffuse through … firm dynamics and innovation. …
Persistent link: https://www.econbiz.de/10012793167
I develop a multicountry-model in which economic growth is driven mainly by domestic innovation and the adoption of … foreign technologies embodied in traded intermediate goods. Fitting the model to data on innovation, output per capita, and … trade in varieties for the period 1996-2007, I estimate the costs of both domestic innovation and adopting foreign …
Persistent link: https://www.econbiz.de/10013033506
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012466280
international diffusion through trade. Fitting the model to data on innovation, productivity, and trade in varieties, I find that …
Persistent link: https://www.econbiz.de/10014045019