We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R\&D, or …-growth equilibrium featuring persistent productivity differences even when starting from ex-ante identical firms. The long …

Christine Greenhalgh explains the complex process of innovation & how it sustains the growth of firms, industries …

What drives innovation? How does it contribute to the growth of firms, industries, and economies? And do intellectual … property rights help or hurt innovation and growth? Uniquely combining microeconomics, macroeconomics, and theory with … to the complex process of innovation. By addressing all the major dimensions of innovation in a single text, Christine …