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Growing out of the Crisis: Hidden Assets to Greece's Transition to an Innovation Economy

Herrmann, Benedikt; Kritikos, Alexander S. - Institute for the Study of Labor (IZA) - 2013

innovation-friendly environment, resulting in a low export ratio given the small size of the country and its long-time EU …

Persistent link: https://www.econbiz.de/10010884121

Optimal Capital Versus Labor Taxation with Innovation-Led Growth

Aghion, Philippe; Akcigit, Ufuk; Fernandez-Villaverde, Jesus - Department of Economics, University of Pennsylvania - 2013

innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

Persistent link: https://www.econbiz.de/10010822886

Time to build and out-of-equilibrium growth process

Amendola, Mario; Gaffard, Jean-Luc - In: Structural Change and Economic Dynamics 29 (2014) C, pp. 19-27

This paper proposes an analytical approach to growth modelling that focuses on the temporal and hence the organizational dimension of real production processes, rather than making use of a production function, which is a pure technical relationship. This approach takes advantage of the...

Persistent link: https://www.econbiz.de/10010776784

Innovation by Leaders II: Schumpeterian Growth with Endogenous Persistence of Leadership

ETRO, Federico - In: Rivista Internazionale di Scienze Sociali 115 (2007) 1, pp. 81-104

I develop a Schumpeterian model of endogenous growth with realistic features of the market for innovations as decreasing marginal productivity at the firm level and the possibility of wasteful duplications of resources between firms due to congestion at the industry level. Moreover, I consider...

Persistent link: https://www.econbiz.de/10010786766

Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, Larry Randall - 2015

greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky's ideas on the …

Persistent link: https://www.econbiz.de/10011545297

Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, L. Randall - 2015

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...

Persistent link: https://www.econbiz.de/10011335945