of innovation and technological change. It is argued that, on the one hand, several genuine properties of innovation … dealing with issues of innovation and technological change is given and the contribution of these studies is discussed …

the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the …

modelling the innovation and technology adoption process we are able to match some stylized economic facts such as entry rates …

firms' equilibrium market revenues, we derive numerical solutions of the Markov perfect equilibrium innovation rate of the … important role in evaluating the impact of rising income inequality on R&D; furthermore, the way aggregate innovation responds … income inequality has a negative effect on innovation when the market quality gap is large, in which case, price competition …

This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are … considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for …-Kaldor mechanism, and the induced effect of innovation on export performance, are important cumulative forces that interact with the …

Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in …

accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …