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discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
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discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
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both strategies is stochastic. The choice between in-house R\&D and imitation is endogenous, and based on firms' profit … maximization motive. Firms closer to the technological frontier face fewer imitation opportunities, and choose in-house R\&D, while …
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This North-South model of Schumpeterian endogenous growth combines a market, productivity and knowledge effect. A set of various convergent and divergent growth paths is derived that is much richer than in the literature so far. South-North convergence based on North-South technology diffusion...
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