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Distribution and Growth in an Economy with Limited Needs

Saint-Paul, Gilles - 2001

or in the knowledge sector, which designs new varieties. It is shown that if the elasticity of labor supply to the … knowledge sector is bounded, as productivity increases, the economy moves from a ?Solovian zone? where wages increase with …

Persistent link: https://www.econbiz.de/10010262477

Welfare Analysis in a Schumpeterian Growth Model with Capital

Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - 2001

In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Persistent link: https://www.econbiz.de/10010262488

Structural Change and the Kaldor Facts of Economic Growth

Foellmi, Reto; Zweimüller, Josef - 2002

We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...

Persistent link: https://www.econbiz.de/10010262779

Defensive Innovations

Koeniger, Winfried - 2002

Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...

Persistent link: https://www.econbiz.de/10010262794

Growth, development, and technological change

Grossmann, Volker; Steger, Thomas M. - 2007

structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …

Persistent link: https://www.econbiz.de/10010267717

Innovation and employment: a survey

Vivarelli, Marco - 2007

According to the compensation theory, market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...

Persistent link: https://www.econbiz.de/10010267790

Discrete innovation, continuous improvement, and competitive pressure

Ghosh, Arghya; Kato, Takao; Morita, Hodaka - 2007

Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental … innovation will lead to a much richer understanding of the interplay between firms' incentives to innovate and competitive …

Persistent link: https://www.econbiz.de/10010268378

Financial constraints and innovation: why poor countries don't catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - 2010

's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements. …

Persistent link: https://www.econbiz.de/10010269463

Coordination under the shadow of career concerns

Koch, Alexander K.; Morgenstern, Albrecht - 2009

To innovate, employees need to develop novel ideas and coordinate with each other to turn these ideas into better products and services. Work outcomes provide signals about employees' abilities to the labor market, and therefore career concerns arise. These can both be 'good' (enhancing...

Persistent link: https://www.econbiz.de/10010271239

The effect of adversity on process innovations and managerial incentives

Dostie, Benoît; Jayaraman, Rajshri - 2009

This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...

Persistent link: https://www.econbiz.de/10010273861