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deterministic model, R&D in time t surely leads to an innovation in time t 1. In this setting, we show that relative to the balanced … innovation and a higher growth rate. Next, in the stochastic model, R&D in time t probabilistically leads to an innovation in …
Persistent link: https://www.econbiz.de/10013125332
existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …
Persistent link: https://www.econbiz.de/10012927440
existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …
Persistent link: https://www.econbiz.de/10012929207
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
Persistent link: https://www.econbiz.de/10011491971
Persistent link: https://www.econbiz.de/10009625912
deterministic model, R&D in time surely leads to an innovation in time In this setting, we show that relative to the balanced growth … innovation and a higher growth rate. Next, in the stochastic model, R&D in time probabilistically leads to an innovation in time … increases the average growth rate and the average unemployment. Creative Destruction ; Dynamic ; Entrepreneur ; Innovation …
Persistent link: https://www.econbiz.de/10009127845
Persistent link: https://www.econbiz.de/10013283002
We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. There exists a pseudo- Malthusian equilibrium in which population is constant and income grows exponentially: the equilibrium population level is...
Persistent link: https://www.econbiz.de/10009236275
Geography Growth models in the context of the existing geography of innovation literature. The first part of the paper … contributions to the geography of innovation literature in the course of time. For this purpose, the paper examines in a meta … centripetal and centrifugal forces, circular causality and finally the geography of innovation …
Persistent link: https://www.econbiz.de/10013116057
Geography Growth models in the context of the existing geography of innovation literature. The first part of the paper … contributions to the geography of innovation literature in the course of time. For this purpose, the paper examines in a meta … centripetal and centrifugal forces, circular causality and finally the geography of innovation. …
Persistent link: https://www.econbiz.de/10010485387