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explained by the complementarity of innovation and human capital assumed in the research production. Moreover, we have shown …
Persistent link: https://www.econbiz.de/10011933292
explained by the complementarity of innovation and human capital assumed in the research production. Moreover, we have shown …
Persistent link: https://www.econbiz.de/10010722011
This paper overviews the main interactions between product market competition and long-run growth. We start with the first generation of R&D-based growth models and keep distinct the vertical from the horizontal differentiation approaches. Our main objective here is to study why these two...
Persistent link: https://www.econbiz.de/10005612330
We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more “radical” innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both...
Persistent link: https://www.econbiz.de/10011263575
in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
Persistent link: https://www.econbiz.de/10014025173
such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
Persistent link: https://www.econbiz.de/10008652108
Persistent link: https://www.econbiz.de/10009206621
This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that firms endogenously form a number of distinguishable...
Persistent link: https://www.econbiz.de/10010573992
This paper takes a new look at the long-run implications of resource abundance. It develops a Schumpeterian model of endogenous growth that incorporates an upstream resource-intensive sector and yields an analytical solution for the transition path. It then derives conditions under which, as the...
Persistent link: https://www.econbiz.de/10010582673