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Welfare analysis in a Schumpeterian growth model with capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
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Innovation, inequality and a golden rule for growth in an economy with Cobb-Douglas function and an R&D sector
Welfens, Paul J. J. - 2015
capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
Persistent link: https://www.econbiz.de/10010510592
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Maintenance costs, obsolescence, and endogenous growth
Berden, Koen G.; Marrewijk, Charles van - 2001
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
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Knowledge spillovers and economic growth
Stel, Adriaan J. van; Nieuwenhuijsen, Henry R. - 2002
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10011326960
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Inflation, unemployment and economic growth in a Schumpeterian economy
Chu, Angus C.; Cozzi, Guido; Furukawa, Yuichi - 2013
Persistent link: https://www.econbiz.de/10010244901
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The effect of the financial crisis on TFP growth : a general equilibrium approach
Millard, Stephen Patrick; Nicolae, Anamaria - 2014
Persistent link: https://www.econbiz.de/10010374122
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The technology element model, path-dependent growth, and innovation policy
Tassey, Gregory - In: Economics of innovation and new technology 25 (2016) 5/6, pp. 594-612
Persistent link: https://www.econbiz.de/10011551624
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Growth effects of non proprietary innovation
Saint-Paul, Gilles - 2002
may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …
Persistent link: https://www.econbiz.de/10011409970
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Innovation, industrial dynamics and economic growth
Stadler, Manfred - 2015
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011295685
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Optimal public policy in a Schumpeterian model of endogenous growth with environmental pollution
Mehra, Meeta; Basu, Sujata - In: Review of market integration 5 (2013) 2, pp. 203-248
Persistent link: https://www.econbiz.de/10010389059