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We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial system with a market-dominated system. In the first one...
Persistent link: https://www.econbiz.de/10010435477
, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to …
Persistent link: https://www.econbiz.de/10011753217
We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …
Persistent link: https://www.econbiz.de/10011777592
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography …
Persistent link: https://www.econbiz.de/10011815844
We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …
Persistent link: https://www.econbiz.de/10012582085
The paper analyses the impact of tax competition on innovation in the public sector. It is shown that the effects of … increased mobility of the tax base on innovation and growth are ambiguous. The negative relationship is more likely, however … activities. -- tax competition ; economic growth ; innovation ; Leviathan competition ; North-South model …
Persistent link: https://www.econbiz.de/10003883964
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … heterogeneity in terms of innovation potential. This extension allows to bring government demand policy within the realm of the …
Persistent link: https://www.econbiz.de/10003924192
, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to …
Persistent link: https://www.econbiz.de/10009312501
The European Union has implemented demand push and technology pull policies to foster innovation on the energy and … rarely treats product and process innovation separately and product quality is, in the best case, exogenous. We develop a … dynamic multi-sector CGE model that distinguishes between R&D-based process innovation for all firms, endogenous product …
Persistent link: https://www.econbiz.de/10011337045
This paper develops an endogenous growth model based on the idea of new combinations of input factors as a growth mechanism. The model integrates the idea of several technologies used simultaneously in producing final output. Innovations are of the horizontal and vertical type and in addition of...
Persistent link: https://www.econbiz.de/10009744907