Showing 1 - 10 of 1,567
In this paper, the Schumpeterian growth model developed by Ertur and Koch (2011) that includes spatial interactions between units of observation working via R&D spillovers is presented in detail. The implications of this model and three additional growth models with and without spatial...
Persistent link: https://www.econbiz.de/10011379935
Persistent link: https://www.econbiz.de/10012693818
Persistent link: https://www.econbiz.de/10012390709
The macroeconomic experience of the last decade stressed the importance of jointly studying the growth and business cycle fluctuations behavior of the economy. To analyze this issue, we embed a model of Schumpeterian growth into an estimated medium-scale DSGE model. Results from a Bayesian...
Persistent link: https://www.econbiz.de/10012054578
Persistent link: https://www.econbiz.de/10014367174
Persistent link: https://www.econbiz.de/10010934146
O'donoghue and Zweimüller (2004, J. of Econ. Growth), a seminal work, showed that broadening leading breadth in patent protection can stimulate innovation. However, the empirical literature has consistently found skeptical results on the positive effect. To fill the gap, we build another...
Persistent link: https://www.econbiz.de/10014233354
We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
Persistent link: https://www.econbiz.de/10009236276
Persistent link: https://www.econbiz.de/10010416865
It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...
Persistent link: https://www.econbiz.de/10011412718