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This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically ad- vanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012155163
), 'Entrepreneurship in Economic Theory', American Economic Review, Papers and Proceedings, LVIII (2), May, 64 … Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business …-Ake Lundvall (1992), 'Introduction', in Bengt-Ake Lundvall (ed.), National Systems of Innovation: Towards a Theory …
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. Baumol (1968), 'Entrepreneurship in Economic Theory', American Economic Review, Papers and Proceedings, LVIII (2), May, 64 …-71 -- Joseph A. Schumpeter (1934), 'The Fundamental Phenomenon of Economic Development', in The Theory of Economic Development: An … (1992), 'Introduction', in Bengt-Åke Lundvall (ed) (ed.), National Systems of Innovation: Towards a Theory of Innovation and …
Persistent link: https://www.econbiz.de/10011852273
The primary objective of this paper is to develop a two-country, dynamic, general equilibrium model with innovation contests to formally analyze the impact of globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through stochastic...
Persistent link: https://www.econbiz.de/10014420492
This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through stochastic and sequential global innovation contests in...
Persistent link: https://www.econbiz.de/10013494330
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