We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … both strategies is stochastic. The choice between in-house R\&D and imitation is endogenous, and based on firms' profit … maximization motive. Firms closer to the technological frontier face fewer imitation opportunities, and choose in-house R\&D, while …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … strategies is stochastic. The choice between in-house R&D and imitation is endogenous, and based on firms’ profit maximization … motive. Firms closer to the technological frontier have less imitation opportunities, and tend to choose more often in …

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … strategies is stochastic. The choice between in-house R&D and imitation is endogenous, and based on firms’ profit maximization … motive. Firms closer to the technological frontier have less imitation opportunities, and tend to choose more often in …

concentration and firm size. These determine the scale and the efficiency of R&D operations and the (average) rate of innovation. If … the number of firms is exogenous, one can study the relationship between the number of firms and the rate of growth of the …) R&D, and fast growth. Offsetting this force, market fragmentation leads to small firms, small R&D programs, and slow …

panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are …This paper studies the effects of foreign direct investment (FDI) on national economic growth with the help of GMM … effects on innovation activities are found for the medium developed countries in the latter time period. Effects in less …

in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …

suggest that growth differences can largely be explained by capital deepening and an ability to produce new technology in the …

in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …

panel regressions. Effects on productivity growth, capital and labor inputs as well as innovation activities are …This paper studies the effects of foreign direct investment (FDI) on national economic growth with the help of GMM … effects on innovation activities are found for the medium developed countries in the latter time period. Effects in less …