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Chapter 3 Horizontal Innovation in the Theory of Growth and Development
Gancia, Gino; Zilibotti, Fabrizio - 2005
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). “Endogenous technological change”. Journal of Political Economy 98, 71–102]. In the first part, we present different versions of the benchmark linear model with imperfect...
Persistent link: https://www.econbiz.de/10014023784
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Transitional dynamics in R&D-based models of endogenous growth
Steger, Thomas M. - 2002 - Initial version: July 2002, This version: October 2002
This paper offers a comprehensive study on transitional dynamics within R&D-based models of endogenous growth. There are two main motivations. First, the complete dynamic system for the market solution is derived in general form. Second, using this dynamic system as a unifying framework the...
Persistent link: https://www.econbiz.de/10010484498
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Non-Scale Models of R&D-Based Growth : The Market Solution
Steger, Thomas Michael - 2010
The market solution of a general R&D-based endogenous growth model is developed. The model is general in two respects: First, general formulations are used and restrictions are only introduced provided that these become necessary. Second, each factor of production (labour, capital and...
Persistent link: https://www.econbiz.de/10013139487
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The Role of Diminishing Returns in Neo-Schumpeterian Growth Theory
Houser, Cindy L. - 1999
improvements in which innovation and imitation are modeled as the outcomes of research and development (R&D) races. Specific …
Persistent link: https://www.econbiz.de/10014216107
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Defensive Innovations
Koeniger, Winfried - 2002
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
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Defensive Innovations
Koeniger, Winfried - 2021
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10013320593
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Innovation, imitation and open source
Pollock, Rufus - 2008
variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that …) regime, and explicitly characterise the circumstances in which an open approach, despite its effect on facilitating imitation …
Persistent link: https://www.econbiz.de/10011523640
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Imitation Modeling and Institutional Studies
Barbashin, Maksim - 2017
This article discusses the use of imitation modeling in the conduct of institutional research. The institutional … is applied to the analysis of social behavior. The article describes the basic principles and methodology of imitation … modeling. Imitation modeling reveals the importance of institutions in structuring social transactions. The article concludes …
Persistent link: https://www.econbiz.de/10012966920
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Financing the Capital Development of the Economy : A Keynes-Schumpeter-Minsky Synthesis
Mazzucato, Mariana - 2015
Persistent link: https://www.econbiz.de/10013023068