gains taxation, innovation subsidies, public R&D spending and other policy initiatives. …

to integrate endogenous technological progress. Nevertheless, several complexities of innovation are still neglected even … modelling literature through a special lens. We discuss how existing models deal with different types of innovation (i ….e. product and process innovation) and how differences in innovation activities influence modelling results. We also emphasise …

the transition from industrial to knowledge-based society, has become widespread in innovation and entrepreneurship …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …