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briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. … 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 …
Persistent link: https://www.econbiz.de/10014025173
technological opportunity and high R&D appropriability, under which opportunities for disruptive innovation are stagnant and the …
Persistent link: https://www.econbiz.de/10014036697
innovation that illustrates an endogenous process of internal competition. This often political and contentious process can have …
Persistent link: https://www.econbiz.de/10014047178
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by …; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth …
Persistent link: https://www.econbiz.de/10014025596
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … efficiency imposed by thermodynamic laws. In this paper, I develop a growth model that explicitly accounts for endogenous … trigger a full transformation toward green growth. …
Persistent link: https://www.econbiz.de/10012257316
behind the growth and convergence of the financial sector across 13 advanced economies from 2000 to 2015, focusing on the …. First, most nations experienced substantial growth in valueadded, coupled with a significant decrease in employment and … robust advancements in labor productivity. Next, the primary drivers of labor productivity growth and convergence across many …
Persistent link: https://www.econbiz.de/10014339316
This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … growth, and the way in which economics literature has dealt with this issue over time. The structure of this survey …
Persistent link: https://www.econbiz.de/10010263572
not affect innovation and thus economic growth. A high enough flat tax rate leads to the first best for economic growth … disagreement stimulates aggregate economic growth and overcomes market failures that would otherwise occur in an equilibrium … without disagreement. The higher growth with disagreement comes at the cost of a higher wealth and consumption inequality, as …
Persistent link: https://www.econbiz.de/10012859072
growth patterns. This paper measures the Net Social Utility of Innovations, by a new technometric approach, which provides … the sustainable economic impact of innovations on socio-economic systems. The metrics is applied on the innovation of … catalytic converter technology and the results show a positive impact of this innovation on geo-economic environments. This …
Persistent link: https://www.econbiz.de/10013026330
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...
Persistent link: https://www.econbiz.de/10012432372