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Animal Spirits and the Composition of Innovation in a Lab-Equipment R&D Model with Transition
Gil, Pedro Mazeda - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
growth and on aggregate vertical R&D. However, transition is slower under "waves of enthusiasm", implying a longer period in …-varying speed. On average over time, transition is longer but less "painful" – i.e., with higher per-capita consumption levels …
Persistent link: https://www.econbiz.de/10011124079
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Product Market Competition, R&D Effort and Economic Growth
Bucci, Alberto - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
Empirical evidence has recently pointed to the lack of any relationship between R&D intensity (variously defined and measured) and economic growth in the post-war period in the United States and other OECD countries. Using a framework that integrates human capital accumulation and purposive...
Persistent link: https://www.econbiz.de/10005650483
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A Two-Sector Model of Public Investment and Growth
Felice, Giulia - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2010
study numerically the transition to the long run, along which the structural adjustements take place. We single out the …
Persistent link: https://www.econbiz.de/10011123942
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Why England? Demographic factors, structural change and physical capital accumulation during the Industrial Revolution
Voigtländer, Nico; Voth, Hans-Joachim - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
tradition of Galor-Weil (2000) and Galor-Moav (2002) captures the key features of the transition from stagnation to growth over … characteristics of the English economy in 1700 and the observed transition until 1850. We capture one of the key features of the … one additional aspect of inequality in the transition to the Post-Malthusian economy – the availability of nutrition for …
Persistent link: https://www.econbiz.de/10005650459
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Optimal R&D Subsidies with Heterogeneous Firms in a Dynamic Setting
Laincz, Christopher A.; Hall, Joshua D. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
When firms engaged in R&D are observably heterogenous (in size) and policymakers are able to condition policy on the observed heterogeneity, what is the optimal policy? This paper starts with a static two-stage duopoly model of R&D competition with uncertainty and finds it welfare enhancing to...
Persistent link: https://www.econbiz.de/10011123932
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Exchange Rate Pass-Through in India an Exploration with Sectoral Import Prices
Pyne, Pradyut Kumar; Roy, Saikat Sinha - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
This paper investigates into the degree of exchange rate pass-through to prices of non-oil imports in India during reforms. Exchange rate pass-through (ERPT) is the responsiveness of trade prices (expressed in local currency) to unit change in exchange rate. ERPT is complete if the response in...
Persistent link: https://www.econbiz.de/10011124101
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From Smith to Schumpeter: A Theory of Take-off and Convergence to Sustained Growth
Peretto, Pietro - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
assigns the starring role to industry. I introduce land in a Schumpeterian growth model to characterize the transition to … sustained growth. A distinctive feature of the model I propose is that it yields a closed-form solution for the transition path …
Persistent link: https://www.econbiz.de/10011124107
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Optimal Patent Length and Patent Width for an Economy with Creative Destruction and Non-Diversifiable Risk
Palokangas, Tapio - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
This study examines optimal public policy in a product cycle model where R&D firms innovate and imitate and households face non-diversifiable risk. The government controls product cycles by two policy instruments: patent length, i.e. the expected time an innovation is imitated, and patent width,...
Persistent link: https://www.econbiz.de/10011124112
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Competition, Imitation and Growth with Non-Diversifiable Risk
Palokangas, Tapio - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
This paper analyzes the growth and welfare effects of competition in an endogenously-growing economy with imitation and non-diversifiable risk. The main findings are as follows. There is no imitation without positive profits during innovation races. A larger proportion of competing industries...
Persistent link: https://www.econbiz.de/10005650504
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Past Dominations, Current Institutions and the Italian Regional Economic Performance
Liberto, Adriana Di; Sideri, Marco - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012
We study the connection between economic performance and the quality of government institutions for the sample of 103 Italian NUTS3 regions, including new measures of institutional quality calculated using data on the provision of four areas of public service: health, educational...
Persistent link: https://www.econbiz.de/10011123989