This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate … productivity dependent wage differentials. Productivity growth creates intertemporal spill-over effects, which affect the …

; labor productivity ; oligopoly ; wage differentials ; productivity growth ; industry dynamics …This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate …

Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … productivity levels that emerging countries reveal, the accumulation of productive capabilities and a narrower dispersion across … sectors would enable emerging countries to overcome the middle-income trap. Y et, this positive trend in productivity should …

Wages and productivity represent two of the most relevant variables to consider in economic development. Given the low … productivity levels that emerging countries reveal, the accumulation of productive capabilities and a narrower dispersion across … sectors would enable emerging countries to overcome the middle-income trap. Yet, this positive trend in productivity should …