Showing 1 - 10 of 33
This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of technology characteristics (effectiveness, machinery and...
Persistent link: https://www.econbiz.de/10005670930
in industries where technological and organizational innovation is important. Indeed a large literature has grown up on … ways they evolve over time. Another domain concerns the nature of competition in such industries, wherein innovation and … briefly flag some fundamental aspects of economic growth and development as an innovation-driven evolutionary process. …
Persistent link: https://www.econbiz.de/10014025173
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011295685
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011306647
The understanding of the economy's aggregate growth patterns is a fundamental objective of economic growth theorizing. However, the micro constructions are strongly linked to economic growth and so cannot be neglected in such process. This paper is concerned with this problem, proposing a formal...
Persistent link: https://www.econbiz.de/10005059555
This paper develops and analyses a dynamic model, which combines both the adoption and the industry evolution theories. We model the decision of adoption, learning entry and exit of firms. These decisions depend on the interaction of technology characteristics ((effectiveness, machinery and...
Persistent link: https://www.econbiz.de/10005621594
This paper addresses two puzzles related to industrial dynamics and competition. The first of these puzzles is that a high degree of globalization may well go hand in hand with increasing concentration. I show that one of the most globalized sectors of the electronics industry, hard disk drives...
Persistent link: https://www.econbiz.de/10005627354
This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...
Persistent link: https://www.econbiz.de/10011379632
differentiation and component innovation. We show that, as the complexity of the product spaces increases, stronger patent regimes … yield lower rates of innovation, lower product quality and lower consumers' welfare. …
Persistent link: https://www.econbiz.de/10010328651
Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy … concludes that policy measures to stimulate corporate R&D and innovation activities should be expressly conceived according to …
Persistent link: https://www.econbiz.de/10012055240