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The impact of government procurement composition on private R&D activities
Slavtchev, Viktor; Wiederhold, Simon - 2011
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We … develop an endogenous growth model with quality-improving in-novation that incorporates industries with heterogeneous … innovation sizes. Government de-mand in high-tech industries increases the market size in these industries and, with it, the in …
Persistent link: https://www.econbiz.de/10010286456
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Trade, productivity, and semi-endogenous growth
Bauer, Christian - 2008
We investigate the impact of incremental trade liberalization in a dynamic model of endogenous growth with heterogeneous firms and costly trade. Growth originates from horizontal specialization and the steady state productivity growth rate is positive. Innovations require costly R&D and are...
Persistent link: https://www.econbiz.de/10009746794
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International endogenous growth, macro anomalies, and asset prices
Grüning, Patrick - 2015 - This version: January 22, 2015
This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...
Persistent link: https://www.econbiz.de/10010468546
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Population, pensions, and endogenous economic growth
Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008
expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10003791799
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Population, pensions, and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008
expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10003779148
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Technological Intensity of Government Demand and Innovation
Slavtchev, Viktor; Wiederhold, Simon - 2012
increase in the share of government purchases in high-tech industries increases the rewards for innovation, and stimulates … findings bring public procurement within the realm of the innovation policy debate. …
Persistent link: https://www.econbiz.de/10010312075
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Stimulating long-term growth and welfare in the U.S.
Malley, James R.; Philippopulos, Apostolēs - 2023
innovation, leading to lower growth over both paths and welfare losses along the transition. …
Persistent link: https://www.econbiz.de/10014364961
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Does the technological content of government demand matter for private R&D? : evidence from US states
Slavtchev, Viktor; Wiederhold, Simon - 2014
content of government procurement in innovation. We theoretically show that a shift in the composition of public purchases … toward high-tech products translates into higher economy-wide returns to innovation, leading to an increase in the aggregate …
Persistent link: https://www.econbiz.de/10010399854
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On the optimal labor income share
Growiec, Jakub; McAdam, Peter; Mućk, Jakub - 2018
Labor's share of income has attracted interest in recent years reflecting its apparent decline. These falls, witnessed across many countries, are usually deemed undesirable. Any such assertion, however, begs the question of what is the socially optimal labor share. We address this question using...
Persistent link: https://www.econbiz.de/10011916846
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Dynamic selection and the new gains from trade with heterogeneous firms
Sampson, Thomas - 2013
This paper develops an open economy growth model in which firm heterogeneity increases the gains from trade. Technology spillovers from incumbent firms to entrants cause the productivity threshold for firm survival to grow over time as competition becomes tougher. By raising the profits of...
Persistent link: https://www.econbiz.de/10011374302