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concentration and firm size. These determine the scale and the efficiency of R&D operations and the (average) rate of innovation. If …
Persistent link: https://www.econbiz.de/10014102339
assuming that the set of potential projects for innovation in each period is limited. The model differs in a number of results … potential innovation. Second, the rate of growth of the economy is bounded and does not rise too much with the scale of the …
Persistent link: https://www.econbiz.de/10014102498
Endogenous growth theory is one of the mainstream economics approaches to modelling economic growth. This paper provides a non-technical overview of some key strands of the endogenous growth theory (EGT) literature, providing references to key articles and texts. The intended audience is policy...
Persistent link: https://www.econbiz.de/10005125073
Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...
Persistent link: https://www.econbiz.de/10005067489
knowledge flows in order to understand how access to both foreign products and technologies, together, influences innovation …
Persistent link: https://www.econbiz.de/10010775239
Endogenous growth theory is one of the mainstream economics approaches to modelling economic growth. This paper provides a non-technical overview of some key strands of the endogenous growth theory (EGT) literature, providing references to key articles and texts. The intended audience is policy...
Persistent link: https://www.econbiz.de/10005118696
Endogenous growth theory is one of the mainstream economics approaches to modelling economic growth. This paper provides a non-technical overview of some key strands of the endogenous growth theory (EGT) literature, providing references to key articles and texts. The intended audience is policy...
Persistent link: https://www.econbiz.de/10005118754
This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
Persistent link: https://www.econbiz.de/10010692367
€™s heterogeneity on economic growth. In the model, workers can accumulate human capital not only through education, but also through on … important in determining the probability of innovation occurring and the economy’s rate of growth. In particular, it shows … multiplicity of equilibria in education investment and rate of growth, and technology-general training avoids low development traps …
Persistent link: https://www.econbiz.de/10009649940
without a fixed contract which makes their employment position more vulnerable and open to exploitation. In addition, the … been a trend towards jobs distinguished as medium and low skilled. Moreover, a comparison between education level and …
Persistent link: https://www.econbiz.de/10012100114