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Using the Salop Circle to Study Scale Effects in Schumpeterian Growth Models : Why Inter-Sectoral Knowledge Diffusion Matters

Gray, Elie - 2016

This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...

Persistent link: https://www.econbiz.de/10012984503

The Lindahl Equilibrium in Schumpeterian Growth Models : Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives

Gray, Elie - 2014

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...

Persistent link: https://www.econbiz.de/10013056813

Timing of Technology Adoption and Product Market Competition

Milliou, Chrysovalantou; Petrakis, Emmanuel - 2021

This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...

Persistent link: https://www.econbiz.de/10013316352

Adopt or Innovate : Understanding Technological Responses to Cap-and-Trade

Calel, Raphael - 2018

Environmental regulations have consistently been found to spur innovation in ‘clean' technologies, with one significant … effect on innovation. Several explanations have been offered, including secondary market failures and a lack of polluter …, contrary to past experience, encouraged innovation rather than adoption. I discuss how these contrasting findings can be …

Persistent link: https://www.econbiz.de/10012925254

Engineering Growth : Innovative Capacity and Development in the Americas

Maloney, William F.; Valencia Caicedo, Felipe - 2021

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the engineer. It collects cross-country and state level data on the labor share of engineers for the Americas, and county level data on engineering and patenting for the US during...

Persistent link: https://www.econbiz.de/10013315467

Heterogeneous Technology Diffusion and Ricardian Trade Patterns

Kerr, William - 2019

Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...

Persistent link: https://www.econbiz.de/10012902445