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tendencies, knowledge externalities and localized learning are primarily based upon the concepts of knowledge diffusion, tacit … Innovation ; Knowledge Externalities ; Localized Knowledge Spillovers ; Knowledge Diffusion ; Tacit Knowledge …
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We incorporate the spatial dimension into a standard expanding variety growth model based on R&D. The spatial interaction is introduced through spatial production spillovers, knowledge diffusion across space, and the capability for spatial heterogeneity. Forward-looking agents who operate in a...
Persistent link: https://www.econbiz.de/10014236590
We incorporate the spatial dimension into a standard expanding variety growth model based on R&D. The spatial interaction is introduced through spatial production spillovers, knowledge diffusion across space, and the capability for spatial heterogeneity. Forward-looking agents who operate in a...
Persistent link: https://www.econbiz.de/10014243032
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In this paper, we develop a new dynamic model of optimal investments in R&D and manufacturing for a technological leader competing with a large number of identical followers on the market of a technological product. The model is formulated in the form of the infinite time horizon stochastic...
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