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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)...
Persistent link: https://www.econbiz.de/10010252161
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10012984503
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)...
Persistent link: https://www.econbiz.de/10013056813
We document a series of new facts about the very first firms and patents that form new edges in the directed citation networks across patent categories. We call them pathfinder firms and patents. First, the typical pathfinder firms are very larger firms. Second, the average pathfinder patents...
Persistent link: https://www.econbiz.de/10013238872
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography …
Persistent link: https://www.econbiz.de/10011810111
additions to leading-edge knowledge) and ii) its diffusion to adoptive knowledge through innovation (defined here as later … applications of knowledge to low cost production methods). The model incorporates my theory that invention, innovation, and …
Persistent link: https://www.econbiz.de/10014068589
We provide a unified framework for quantifying the cross country and cross-sector interactions among trade, innovation … model in which comparative advantage and the stock of knowledge are determined by innovation and diffusion. A reduction in … trade costs induces a re-allocation of comparative advantage in production and innovation across sectors, which translates …
Persistent link: https://www.econbiz.de/10013210487
We provide a unified framework for quantifying the cross-country and cross-sector interactions among trade, innovation … advantage and the stock of knowledge are determined by innovation and diffusion. We calibrate the model to match observed cross …-country and cross-sector heterogeneity in production, innovation efficiency and knowledge spillovers. Our counterfactual analysis …
Persistent link: https://www.econbiz.de/10013238428
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10011515411
This paper challenges the key assumption in "idea based growth models" that innovation rents ultimately reward the … bulk of the innovation rents and are generally the residual claimant. We develop a model that separates invention from … innovation where new ideas are a costless spillover from profit motivated corporate R&D aimed at improving existing production …
Persistent link: https://www.econbiz.de/10013089419