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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/10009225896
We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. We find a pseudo-Malthusian equilibrium in which population is constant and determined by resource scarcity while income grows exponentially. If...
Persistent link: https://www.econbiz.de/10010667352
This paper develops a theory of the emergence of modern innovation-driven Schumpeterian growth. It uses a tractable …
Persistent link: https://www.econbiz.de/10010667355
This paper discusses the role of economic integration in a model of endogenous growth where the size of the firm and the interactions between growth and the endogenous structure of the market play a crucial role. The focus is on the pure scale effects of integration and their welfare...
Persistent link: https://www.econbiz.de/10005198740
I discuss a model of endogenous innovation that brings to the forefront the in-house R&D activity of the modern …
Persistent link: https://www.econbiz.de/10005198749
consumption goods and the diversity of innovation paths fall. The surviving firms, on the other hand, are larger and exploit …
Persistent link: https://www.econbiz.de/10005198752
I explore the interaction of market structure and growth in a model of industrialization and endogenous technological change. Along the industrialization path, new manufacturing firms enter the market and expand the variety of goods available to consumers. Competing in the marketplace, firms...
Persistent link: https://www.econbiz.de/10005198753
(average) rate of innovation. If the number of firms is exogenous, one can study the relationship between the number of firms …
Persistent link: https://www.econbiz.de/10005198757
What is the relationship between the rate of population growth and the rate of technological change? To answer this question, I discuss a model where increasing returns generate long-run growth but where the scale effect is absent. More precisely, the model predicts that steady-state...
Persistent link: https://www.econbiz.de/10005198768
I propose a Schumpeterian analysis of the growth and welfare effects of a deficit-financed cut of the tax rate on distributed dividends. I find that income per capita growth initially accelerates and then decelerates, eventually converging to a long-run value lower than the starting one....
Persistent link: https://www.econbiz.de/10008549036