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Financial Crises and Long-Run Growth
Holden, Tom - 2017
This paper explores the theoretical channels by which financial crises might have an impact on long-run growth. By exploiting occasionally binding financial constraints, we produce a model that generates endogenous crisis episodes featuring permanent falls in productivity, without generating...
Persistent link: https://www.econbiz.de/10012956677
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Resource Wealth, Innovation and Growth in the Global Economy
Peretto, Pietro F. - 2015
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10013039158
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Competition and Innovation : Does the Distance to the Technology Frontier Matter?
Alder, Simon - 2010
This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …
Persistent link: https://www.econbiz.de/10013141333
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Innovation in Times of Financial Crises
Gorovaia, Nina - 2013
the economy gets back on track and does not get trapped in a state of underperformance. Innovation is an important factor … investigate the impact of major crises on innovation. Data are drawn from the World Intellectual Property Organization on patents … in the United States and patents are used as a proxy for innovation. We find that crisis spur innovation with the effect …
Persistent link: https://www.econbiz.de/10013072890
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A theory of global economic growth in the very long-run : is a grand innovation slowdown inevitable?
Gomułka, Stanisław - In: Central European economic journal 6 (2019) 53, pp. 174-188
revolution is going to be an innovation super-fluctuation. …
Persistent link: https://www.econbiz.de/10012303145
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012156427
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Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Kuhn, Michael; Prettner, Klaus - 2020
We assess the long-run growth effects of rising longevity and increasing the retirement age when growth is driven by purposeful research and development. In contrast to economies in which growth depends on learning-by-doing spillovers, raising the retirement age fosters economic growth. How...
Persistent link: https://www.econbiz.de/10012195541
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Intellectual Property Rights Protection and Endogenous Economic Growth Revisited
Cysne, Rubens Penha - 2014
An analytical solution to the lab-equipment growth model (Rivera-Batiz and Romer,1991) with an exogenous imitation rate is presented and applied to study the policy tradeoff between weaker levels of intellectual property rights (IPR) protection yielding more consumption today, and stronger...
Persistent link: https://www.econbiz.de/10013059268
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International Outsourcing, Innovation and Growth
Gao, Ting - 2003
In this paper I present a North-South endogenous growth model in which the impact of globalization on international outsourcing and growth can be analyzed. In the model, the skilled-labor abundant North is the only innovator in the world. Globalization (a reduction in trade costs) leads to a...
Persistent link: https://www.econbiz.de/10014104179
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Directed technical change and the resource curse
Greaker, Mads; Heggedal, Tom-Reiel; Rosendahl, Knut Einar - 2022
The "resource curse" is a potential threat to all countries relying on export income from abundant natural resources such as fossil fuels. The early literature hypothesized that easily accessible natural resources would lead to lack of technological progress. In this article we instead propose...
Persistent link: https://www.econbiz.de/10013387387