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This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...
Persistent link: https://www.econbiz.de/10011139786
enables the model to replicate the empirically rather moderate correlation between the R&D innovation probabilities of …
Persistent link: https://www.econbiz.de/10012064279
Persistent link: https://www.econbiz.de/10011526435
enables the model to replicate the empirically rather moderate correlation between the R&D innovation probabilities of …
Persistent link: https://www.econbiz.de/10012061634
, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy. …
Persistent link: https://www.econbiz.de/10011637958
Persistent link: https://www.econbiz.de/10011303504
Persistent link: https://www.econbiz.de/10011303505
Persistent link: https://www.econbiz.de/10011817488
This paper studies a two-country production economy with complete and frictionless financial markets and international trade of final goods in which competition in R&D leads to endogenous new firm creation and economic growth. Current monopolists ("incumbents") and potential new firms...
Persistent link: https://www.econbiz.de/10010468546
, incumbents. With these models at hand, we provide new insights on the interplay of innovation dynamics and fiscal policy …
Persistent link: https://www.econbiz.de/10012958356