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on firm innovation and aggregate growth. We first document a set of sectoral-level and firm-level observations on … innovation in which inter-sectoral knowledge linkages determine the set of sectors a firm chooses to innovate in and how much R …
Persistent link: https://www.econbiz.de/10015213996
debate can be presented as follows: do competition policies always create the best conditions for promoting innovation and … industries with higher innovation? In order to answer these questions, the paper presents a survey of the theoretical literature … innovation, such as Romer (1990) or Rivera-Batiz and Romer (1991), and the ones based on vertical innovation, like Aghion and …
Persistent link: https://www.econbiz.de/10015220042
By adding physical capital as a factor of production, and by introducing capital accumulation and population growth, I generalized the model of learning-by-doing proposed by Young (1991). Under this extended model, I studied the evolution of human capital formulated by learning-by-doing, its...
Persistent link: https://www.econbiz.de/10015234358
innovation. Scientific research is the fundamental dimension of innovation that creates new technological knowledge. This is …
Persistent link: https://www.econbiz.de/10015264212
-switching behavior. Then, we examine the effects of policies such as a subsidy for innovation by incumbents, a subsidy for innovation by … incumbents tend to be less likely to conduct innovation, which is inconsistent with Schumpeter's hypothesis. A subsidy for … innovation by entrants decreases the average quality of differentiated goods. Moreover, it may decrease the growth rate of the …
Persistent link: https://www.econbiz.de/10015265518
. They boost local productivity, induce employment, and stimulate consumption. SDG 9: Industry, Innovation, and … Infrastructure: FDI brings technological innovation, knowledge transfer, and advanced infrastructure, fostering innovation and … transfers that enhance educational quality. SDG 13: Climate Action: FDI-driven innovation results in sustainable technologies …
Persistent link: https://www.econbiz.de/10015270674
In this paper, we construct a tractable endogenous growth model that incorporates both incremental innovation by … heterogeneous incumbents and innovation by entrants. Our model features two endogenous sources of growth: quality improvement … incremental innovation by incumbents and a subsidy for innovation by entrants on the overall economic growth rate, as well as on …
Persistent link: https://www.econbiz.de/10015376185
This paper shows that the results of Bianco (2006) depend critically on the assumption that there are no difference between the intermediate goods share in final output, the returns of specialization and the degree of market power of monopolistic competitors. In this paper, we disentangle the...
Persistent link: https://www.econbiz.de/10015217814
open-economy innovation-driven growth model, in which the high-income (low-income) country produces innovative (homogenous … innovation through an increase in labor supply in the high-income country. Given that the market equilibrium of R&D-growth models …
Persistent link: https://www.econbiz.de/10015217885
commercialization of new ideas, we extend the standard multisector Schumpeterian growth theory by decomposing the product innovation …
Persistent link: https://www.econbiz.de/10015217888