We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

lower limit of the support of the random variable that describes the outcome of innovation quality improvements, takes the … little innovation, and we conclude by commenting on the implications of our findings for future research on Schumpeterian …