innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …

constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …

Knowledge triggers regional growth. Evidence suggests that skilled labor force concentrates in islands of innovation … increasing returns to knowledge, favoring the emergence of islands of innovation; regions with a high endowment of cognitive …

-Schumpeterian view of transition from a growth model based on investment in existing technologies to an innovation-based model …