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Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a … macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not … so much a lower productivity growth at the global frontier, but rather rising labour productivity at the global frontier …
Persistent link: https://www.econbiz.de/10011610943
Persistent link: https://www.econbiz.de/10001675374
Panel data is used to investigate the extent of R&D spillovers between OECD countries, and the importance of barriers … to technology adoption in affecting the benefits of such spillovers. Our results indicate that countries with less … regulated goods and labour markets benefit more from foreign R&D. -- R&D spillovers ; technology adoption ; economic growth …
Persistent link: https://www.econbiz.de/10009731157
Persistent link: https://www.econbiz.de/10003486152
productivity differ in the two solutions. Thus, optimal policy intervention has no effect on long-run growth rates but affects …
Persistent link: https://www.econbiz.de/10011492730
is treated as a Poisson-type cyclic stochastic process. The technology spillovers effect acts as a driving force of …
Persistent link: https://www.econbiz.de/10012432372
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or …-off explains why higher growth of productivity and income per capita are associated with lower population growth. The medium …
Persistent link: https://www.econbiz.de/10009675344
Conventional R&D-based growth theory suggests that productivity growth is positively correlated with population size or … higher growth of productivity and income per capita are associated with lower population growth. The medium-run prospects for …
Persistent link: https://www.econbiz.de/10008809945
We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To this end, we develop a Schumpeterian growth model with heterogeneous households and non-homothetic preferences for quality. We show that inequality affects growth very differently...
Persistent link: https://www.econbiz.de/10013244297