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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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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/10001595502
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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/10011398011
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Empirical patterns of firm growth and R&D investment : a quality ladder model interpretation
Klette, Tor Jakob; Griliches, Zvi - 1998
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
Persistent link: https://www.econbiz.de/10011518444
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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On Research and Development in a Model of Schumpeterian Economic Growth in a Creative Region
Batabyal, Amitrajeet A. - 2017
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012964161
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Education, Innovation, and Long-Run Growth
Hori, Katsuhiko - 2015
This study augments a second-generation Schumpeterian growth model to employ human capital explicitly. We clarify the general-equilibrium interactions of subsidy policies to Ramp;D and human capital accumulation in a unified framework. Despite a standard intuition that subsidizing these...
Persistent link: https://www.econbiz.de/10012707354
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On Research and Development in a Model of Schumpeterian Economic Growth in a Creative Region
Batabyal, Amitrajeet A. - 2016
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012982867
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Innovation diffusion, technological convergence and economic growth
Andergassen, Rainer; Nardini, Franco; Ricottilli, Massimo - 2013
discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
Persistent link: https://www.econbiz.de/10011730583
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The Aggregate Effects of Acquisitions on Innovation and Economic Growth
Fons-Rosen, Christian; Roldan-Blanco, Pau; Schmitz, Tom - 2021
on the innovation incentives of incumbents. To assess the net effect of these forces, we build a new endogenous growth …
Persistent link: https://www.econbiz.de/10013240419