This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … stochastic and sequential global innovation contests in which challengers devote resources to R&D to discover new products while … outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to …

The primary objective of this paper is to develop a two-country, dynamic, general equilibrium model with innovation … products are endogenously discovered through stochastic and sequential global innovation contests in which challengers devote …, and international outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world …

This paper provides first empirical evidence of the joint effects that innovation strategies and human resource … firms and of firms pursuing relatively simple innovation strategies, centered around the acquisition of new machinery …

strategies and optimal coordination of innovative activities. It shows that growth and innovation strategies of operatively …