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On Research and Development in a Model of Schumpeterian Economic Growth in a Creative Region

Batabyal, Amitrajeet A. - 2017

We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...

Persistent link: https://www.econbiz.de/10012964161

Education, Innovation, and Long-Run Growth

Hori, Katsuhiko - 2015

This study augments a second-generation Schumpeterian growth model to employ human capital explicitly. We clarify the general-equilibrium interactions of subsidy policies to Ramp;D and human capital accumulation in a unified framework. Despite a standard intuition that subsidizing these...

Persistent link: https://www.econbiz.de/10012707354

Research bubbles

Gersbach, Hans; Komarov, Evgenij - 2020 - This version: February 2020

We develop a model to rationalize and examine so-called "research bubbles", i.e. research activities based on overoptimistic beliefs about the impact of this research on the economy. Research bubbles occur when researchers selfselect into research activities and the government aggregates the...

Persistent link: https://www.econbiz.de/10012204265

Heterogeneous R&D spillovers and sustainable growth : limits to efficient regulation

Bondarev, Anton - 2018

This paper introduces heterogeneity of cross-technologies interactions into the double-differentiated R&D-based endogenous growth model. In this model new technologies appear continuously and older are outdated generating structural change. All technologies may interact with each other through...

Persistent link: https://www.econbiz.de/10011790678

On Research and Development in a Model of Schumpeterian Economic Growth in a Creative Region

Batabyal, Amitrajeet A. - 2016

Persistent link: https://www.econbiz.de/10012982867

A Model on Knowledge and Endogenous Growth

Chen, Derek H.C; Kee, Hiau Looi - 2015

This paper presents a model of endogenous growth in which the main engine of economic development is knowledge. Using a two-sector closed economy model that comprises of a conventional goods-producing sector and a research and development sector, our model incorporates two key aspects of...

Persistent link: https://www.econbiz.de/10014066508

Leadership cycles

Denicolò, Vincenzo; Zanchettin, Piercarlo - 2010

We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....

Persistent link: https://www.econbiz.de/10008702831

The Real Effects of Tournament Incentives : The Case of Firm Innovation

Jia, Ning - 2020

This paper examines the effects of promotion-based tournament incentives for non-CEO executives on corporate innovation. We find that firms with greater tournament incentives, which are measured as the pay gap between the CEO and other executives, are associated with a higher level of patent...

Persistent link: https://www.econbiz.de/10012855711

Leadership Cycles

Denicolò, Vincenzo - 2010

Persistent link: https://www.econbiz.de/10013144462

Intellectual Property and Product Market Competition Regulations in a Model with Two R&D Performing Sectors

Jerbashian, Vahagn - 2017

I analyze the impact of intellectual property and product market competition regulations on innovation and long … and competition in a sector increases its R&D investments. However, these policies adversely affect R&D investments of the … increase economic growth, but higher competition has a very limited effect on growth …

Persistent link: https://www.econbiz.de/10012958174