Acemoglu, Daron; Aghion, Philippe; Zilibotti, Fabrizio - In: Journal of the European Economic Association 4 (2006) 1, pp. 37-74
We analyze an economy where firms undertake both innovation and adoption of technologies from the world technology …-based strategy, which relies on existing firms and managers to maximize investment but sacrifices selection. Closer to the world … to the world technology frontier. (JEL: O31, O33, O38, O40, L16) Copyright (c) 2006 by the European Economic Association. …