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This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&Dbased growth model with human capital accumulation and imperfect competition. Using an aggregateR&D technology displaying constant returns to scale in human capital, I find that steady-state...
Persistent link: https://www.econbiz.de/10005007270
In this paper, we build a general model of horizontal product innovation and economic development, taking explicitely … is that, when innovation is both deterministic and horizontal, the relationship between market power and aggregate growth …
Persistent link: https://www.econbiz.de/10005030023
integrates human capital accumulation and purposive (horizontal) innovation activity, this paper looks at product market …
Persistent link: https://www.econbiz.de/10005650483
This paper shows that the results of Bucci (2003) depend criti- cally on the assumption that there are no difference between the intermediate goods share in final output, the returns of specialization and the degree of market power of monopolistic competitors. In this paper, we disentangle the...
Persistent link: https://www.econbiz.de/10005623251
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
The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition....
Persistent link: https://www.econbiz.de/10005787146
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
product (or "downstream") sector. Innovation takes place in both sectors. Following Gilbert and Shapiro (1990), we define … in the downstream sector increases the incentives of agents to do R&D in that sector but discourages innovation in the … downstream sector slows it down. We show that regardless of parameter values, welfare maximizing, rate of innovation maximizing …
Persistent link: https://www.econbiz.de/10014046246
I model knowledge (patent) licensing and evaluate intellectual property regulation in an endogenous growth framework where the engine of growth is in-house R&D performed by high-tech firms. I show that high-tech firms innovate more and economic growth is higher when there is knowledge licensing,...
Persistent link: https://www.econbiz.de/10012988400
In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the...
Persistent link: https://www.econbiz.de/10014131913