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revolution through entrepreneurs’ role for the accumulation of useful knowledge. While learning-by-doing in agriculture …
Persistent link: https://www.econbiz.de/10010398784
knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the …
Persistent link: https://www.econbiz.de/10010472600
-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard … Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … simultaneously sending and receiving knowledge is located over the circle. The link between knowledge diffusion and scale effects …
Persistent link: https://www.econbiz.de/10011515411
This paper analyzes how changing the expected length of intellectual property right (IPR) protection affects growth and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences and endogenous markups in which, in accordance with...
Persistent link: https://www.econbiz.de/10011443629
This paper analyzes how changing the expected length of intellectual property (IP) protection affects economic growth and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences and endogenous markups in which, in accordance with...
Persistent link: https://www.econbiz.de/10011700533
takes place, if and only if, there are some property rights of private knowledge produced by R&D activities. In turn, the …
Persistent link: https://www.econbiz.de/10011291288
We analyze an economy where managers engage both in the adoption of technologies from the world frontier and in innovation activities. The selection of high-skill managers is more important for innovation activities. As the economy approaches the technology frontier, selection becomes more...
Persistent link: https://www.econbiz.de/10014073922
We develop a knowledge-based endogenous growth model to address the issue of directed technological change, in which …
Persistent link: https://www.econbiz.de/10014214186
investments are associated with new technological knowledge that accumulates over time and sustains long-run growth. We show that …-temporal knowledge externality. An appropriate policy of investment subsidies may implement the efficient allocation …
Persistent link: https://www.econbiz.de/10013001160
This paper extends earlier analysis of the transitional dynamics of a growth model in which both human capital and innovation drive income expansion. Funke and Strulik [2000]. On endogenous growth with physical capital, human capital and product variety. European Economic Review 44 [491-515]...
Persistent link: https://www.econbiz.de/10013040130