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We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012755480
To explain the importance of scientific research and technological innovation for industrial countries and in … a historical and theoretical perspective on scientific-technological innovation and its importance for industrial growth …Explains the importance of scientific research and technological innovation for industrial countries and in particular …
Persistent link: https://www.econbiz.de/10014014163
Researchers have long hypothesized that spillovers from government, university, and private company R&D contribute to economic growth, but these contributions may be difficult to measure when they take a non-pecuniary form. The growth of networking devices and the Internet in the 1990s and 2000s...
Persistent link: https://www.econbiz.de/10013062615
of industrial policies towards innovation. In line with this trend, the European Union significantly increased its … economic growth. Regional innovation policies display divergent returns according to different institutional conditions and … results show that better performing innovation strategies require the following factors: clear choices of locally congruent …
Persistent link: https://www.econbiz.de/10012397552
In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...
Persistent link: https://www.econbiz.de/10012948079
We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of...
Persistent link: https://www.econbiz.de/10013309719
A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in...
Persistent link: https://www.econbiz.de/10012054367
We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally uncorrelated with their growth performance. Second, countries that drastically reduce private incentives to invest, severely hurt their growth performance. In our model, the...
Persistent link: https://www.econbiz.de/10013099129
frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …
Persistent link: https://www.econbiz.de/10013106293
Persistent link: https://www.econbiz.de/10013065629