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Persistent link: https://www.econbiz.de/10009489613
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect...
Persistent link: https://www.econbiz.de/10014023784
concerning the nature and structure of technological knowledge, the sources of novel opportunities, the dynamics through which … diffusion affect growth and survival probabilities of heterogeneous firms. The processes of knowledge accumulation and diffusion … cycles influence the patterns of industrial organization—including size distributions, degrees of concentration, relative …
Persistent link: https://www.econbiz.de/10014025173
knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the …
Persistent link: https://www.econbiz.de/10010472600
revolution through entrepreneurs’ role for the accumulation of useful knowledge. While learning-by-doing in agriculture …
Persistent link: https://www.econbiz.de/10010398784
knowledge protected by secrecy, patents and other appropriability devices. To explore the macroeconomic implications of this … knowledge variety yield increasing returns to the number of firms. A large number of firms leads to high output, high (aggregate …
Persistent link: https://www.econbiz.de/10014084778
hump-shaped relationships of knowledge appropriability and the number of firms with steady-state growth that give a first … supply and knowledge spillovers yield increasing returns to the number of firms. A larger number of firms leads to higher …
Persistent link: https://www.econbiz.de/10014084825
This paper extends the standard quality ladder model of innovation and quality growth by allowing for heterogeneous industries. This enables us not only to deal with the Schumpeterian hypothesis about market power and innovation, but also to analyze industry specific demand pull and technology...
Persistent link: https://www.econbiz.de/10010305037
The industrial society has become history, substituted by the service economy, the knowledge economy or the information …
Persistent link: https://www.econbiz.de/10010471328
The industrial society has become history, substituted by the service economy, the knowledge economy or the information …
Persistent link: https://www.econbiz.de/10009622218