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A Schumpeterian model of investment and innovation with labor market regulation

Calcagnini, Giorgio; Giombini, Germana; Travaglini, Giuseppe - In: Economics of innovation and new technology 27 (2018) 7/8, pp. 628-651

Persistent link: https://www.econbiz.de/10012020529

Capital replacement and innovation dynamics

Bertolotti, Fabio; Lanteri, Andrea - 2024

-goods producers drops during recessions. We then develop a model of lumpy investment with heterogeneous firms and endogenous … equilibrium feedback accounts for the observed comovement between investment and innovation, provides a powerful propagation …

Persistent link: https://www.econbiz.de/10014484172

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