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Persistent link: https://www.econbiz.de/10001528586
endogenously with technological change. If technology changes rapidly during the process of development, learning fosters the …
Persistent link: https://www.econbiz.de/10014154178
In an economy where growth is determined by the interaction of R&D and learning-by-doing (LBD), changes of factors that stimulate either one of these activities affect growth differently than in an economy where growth is determined by either R&D or LBD alone. In particular, when firms...
Persistent link: https://www.econbiz.de/10013102612
In an economy where growth is determined by the interaction of R&D and learning-by-doing (LBD), changes of factors that stimulate either one of these activities affect growth differently than in an economy where growth is determined by either R&D or LBD alone. In particular, when firms...
Persistent link: https://www.econbiz.de/10014215854
We present an endogenous growth model in which both the investment to develop a new technology-that upgrades the … quality of machines-and entry of imitators are determined endogenously. According to the model, how soon the new-technology … machine is launched after the patent is granted is influenced by two factors: returns to scale in technology development and …
Persistent link: https://www.econbiz.de/10014028982
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the …
Persistent link: https://www.econbiz.de/10011671850
This paper suggests and tests a simple stochastic growth model with international technological links, where growth could be driven either by exogenous or endogenous accumulation of technological knowledge. The main prediction of the model is that per capita output in different countries are...
Persistent link: https://www.econbiz.de/10013095871
the market for technology. The commitment to limit trade to reciprocal exchange (barter instead of cash transactions …
Persistent link: https://www.econbiz.de/10014224536
This study provides a new, more comprehensive measurement of technological novelty. Integrating insights from the existing economics and management literature, we characterize inventions ex ante along two dimensions of technological novelty: Novelty in Recombination and Novelty in Knowledge...
Persistent link: https://www.econbiz.de/10014037722
R&D-based growth models are tested using US data for the period 1953-2014. A general growth model is developed which nests the model varieties of interest. The model implies a cointegrating relationship between multifactor productivity, research intensity, and employment. This relationship is...
Persistent link: https://www.econbiz.de/10012959253