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Wants and Past Knowledge: Growth Cycles with Emerging Industries

Horii, Ryo - EconWPA - 2005

satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …

Persistent link: https://www.econbiz.de/10005407691

Wants and Past Knowledge: Growth Cycles with Emerging Industries

Horii, Ryo - Graduate School of Economics, Osaka University - 2006

satisfy an indefinite range of wants and firmsf incentive to utilize knowledge from past production experiences. We show that … unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumersf desire to …

Persistent link: https://www.econbiz.de/10005774305

Growth through heterogeneous innovations

Akcigit, Ufuk; Kerr, William R. - Suomen Pankki - 2013

We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...

Persistent link: https://www.econbiz.de/10010818983

Growth Through Heterogeneous Innovations

Akcigit, Ufuk; Kerr, William R. - Census Bureau, Department of Commerce - 2012

We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...

Persistent link: https://www.econbiz.de/10010553118

Horizontal innovation in the theory of growth and development

Gancia, Gino; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2005

We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” model, labor-for-intermediates” and...

Persistent link: https://www.econbiz.de/10005772070

From Smith to Schumpeter: A Theory of Take-off and Convergence to Sustained Growth

Peretto, Pietro - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012

The growth literature on the Industrial Revolution has produced novel insights that have changed the way economists think about the issue. Most of the available models, however, focus on the household and do not put industrial activity at the center of the analysis. Consequently, they leave out...

Persistent link: https://www.econbiz.de/10011124107

Resource abundance, growth and welfare: A Schumpeterian perspective

Peretto, Pietro F. - In: Journal of Development Economics 97 (2012) 1, pp. 142-155

This paper takes a new look at the long-run implications of resource abundance. It develops a Schumpeterian model of endogenous growth that incorporates an upstream resource-intensive sector and yields an analytical solution for the transition path. It then derives conditions under which, as the...

Persistent link: https://www.econbiz.de/10010582673

An inverted-U relationship between product market competition and growth in an extended Romerian model

BUCCI, Alberto - Dipartimento di Economia, Management e Metodi … - 2004

The influence of product market competition on growth is reconsidered by developing an extension of the basic Romerian model of horizontal product innovation. We find that the relationship between competition and growth is inverse-U shaped, provided that the non accumulated factor input (e.g....

Persistent link: https://www.econbiz.de/10005007154

Potere di mercato ed innovazione tecnologica nei recenti modelli di crescita endogena con concorrenza imperfetta

Bucci, Alberto - Dipartimento di Economia, Management e Metodi … - 2002

This paper overviews the main interactions between product market competition and long run growth.We focus on the first generation of R&D-based growth models and keep distinguished the vertical from the horizontal differentiation approaches. Our main objective is to study why these two branches...

Persistent link: https://www.econbiz.de/10005007269

Human capital and technology in growth

Bucci, Alberto - Dipartimento di Economia, Management e Metodi … - 2001

This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&Dbased growth model with human capital accumulation and imperfect competition. Using an aggregateR&D technology displaying constant returns to scale in human capital, I find that steady-state...

Persistent link: https://www.econbiz.de/10005007270