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technologies during the early stages of which a discovery is followed by a period of rapid economic growth and innovation, and the …
Persistent link: https://www.econbiz.de/10014141897
function (IPF) and propose three models relating innovation, AI and population: AI as a research-augmenting technology; AI as … researcher scale enhancing technology; and AI as a facilitator of innovation. We show, performing model simulations calibrated on …
Persistent link: https://www.econbiz.de/10014464111
a new growth model centred around a shift towards more home-grown innovation, digitalisation, climate change mitigation …
Persistent link: https://www.econbiz.de/10012433894
The fundamental importance of economic institutions for economic growth through their impact on technological change has been argued, reconfirmed by recent empirical studies, but not examined theoretically. This paper tries to fill that gap. In the model proposed, economic growth is affected by...
Persistent link: https://www.econbiz.de/10013317723
growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …
Persistent link: https://www.econbiz.de/10003782309
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011491971
The diffusion of digital technologies and their impact on employment and skills is investigated inthis article …. We first investigate their effect on total employment finding that job creation in industriesis supported by high digital …
Persistent link: https://www.econbiz.de/10012123474
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
Persistent link: https://www.econbiz.de/10014025173