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Chapter 2 Growth with Quality-Improving Innovations: An Integrated Framework

Aghion, Philippe; Howitt, Peter - 2005

In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...

Persistent link: https://www.econbiz.de/10014023785

From Curiosity to Wealth Creation : How University Research Can Boost Economic Growth

Howitt, Peter - 2013

Persistent link: https://www.econbiz.de/10013078456

Chapter 35 Coordination Issues in Long-Run Growth

Howitt, Peter - In: Handbook of computational economics : volume 2, …, (pp. 1605-1624). 2006

Economic growth depends not only on how people make decisions but also upon how their decisions are coordinated. Because of this, aggregate outcomes can diverge from individual intentions. I illustrate this with reference to the modern literature on economic growth, and also with reference to an...

Persistent link: https://www.econbiz.de/10014024370

Competition and innovation: An inverted u relationship

Aghion, Philippe; Bloom, Nicholas; Blundell, Richard; … - 2002

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test … empirically. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape: the escape …

Persistent link: https://www.econbiz.de/10010292944