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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 …
Persistent link: https://www.econbiz.de/10010189836
both foreign and domestic innovation contribute positively to real per capita GDP growth, foreign technology from developed … indirectly through reverse-engineering of these goods, which contributes to domestic imitation and innovation. This paper first … quantifies spillovers from high-technology imports from developed countries to domestic imitation and innovation in both …
Persistent link: https://www.econbiz.de/10014055167
growth. International patent data for 40 countries from 1970 to 1985 are used to create proxies for imitation and innovation … both foreign and domestic innovation contribute positively to real per capita GDP growth, foreign technology from developed … indirectly, through reverse-engineering of these goods which contributes to domestic imitation and innovation. This paper first …
Persistent link: https://www.econbiz.de/10014060678
. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve …We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain … the evolution of industries and aggregate growth in closed and open economies. Firms employ educated workers in order to …
Persistent link: https://www.econbiz.de/10011295685
intellectual property rights and of offshoring costs on the rate of innovation and on the offshoring intensity. In chapter 4 I …
Persistent link: https://www.econbiz.de/10011742945
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
analyzes a model of North-South trade and endogenous growth through innovation and imitation that can predict the observed … both the innovation in the North and the imitational lag of the South. Opening to trade increases the growth rate and … growth ; innovation and imitation ; intellectual property rights …
Persistent link: https://www.econbiz.de/10003954544
the pharmaceutical industry. In this proposed theoretical and empirical work, innovation from the North, followed by … oligopolistic market induced by vertical innovation, tighter IPRs may hurt both economies; while in a monopolistic competition … market induced by horizontal innovation, tighter IPRs may benefit both economies as long as the degree of IPR protection is …
Persistent link: https://www.econbiz.de/10013082062
innovation incentives. In particular, we examine the following causal forces behind an increase in the extent of international … generates a lower relative wage and a faster rate of innovation, in addition to a greater extent of international outsourcing …
Persistent link: https://www.econbiz.de/10014204590
This paper develops a product cycle model with endogenous and costly innovation, imitation, and foreign direct … resource scarcity in the South back to the North and consequently contracts innovation …
Persistent link: https://www.econbiz.de/10014062629