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Schumpeterian growth with gradual product obsolescence

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Intellectual property rights protection and endogeneous economic growth

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Cumulative Innovation, Growth and Welfare-Improving Patent Policy

Chor, Davin - 2013

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly improve upon frontier technologies, and productivity improvements are drawn in a stochastic manner. The presence of positive knowledge spillovers implies that the decentralized...

Persistent link: https://www.econbiz.de/10013075135