We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

The aim of this paper is to develop a spatial model that explicitly incorporates the different types of knowledge … knowledge via face-to-face interactions. Our model incorporates two forms of knowledge spillovers happening in these meetings … whose intensities are dependent on the similarity of knowledge background of the interacting individuals: First, the …

managed largely from western firms. This fact has manifold consequences for the innovation behaviour of plants, among others …