Thoenig, Mathias; Verdier, Thierry - In: American Economic Review 93 (2003) 3, pp. 709-728
This paper considers a dynamic model of innovations in which firms can endogenously bias the direction of technological change. Both in a North-North and North-South context, we show that, when globalization triggers an increased threat of technological leapfrogging or imitation, firms tend to...