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This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … heterogeneity in terms of innovation potential. This extension allows to bring government demand policy within the realm of the …
Persistent link: https://www.econbiz.de/10003924192
This paper investigates the relevance of government purchasing behavior for innovation-based economic growth. We … incentive for private innovation activities. In contrast to the standard Schumpeterian growth framework, we account for industry … heterogeneity in terms of innovation potential. This extension allows to bring government demand policy within the realm of the …
Persistent link: https://www.econbiz.de/10008457975
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We … develop an endogenous growth model with quality-improving in-novation that incorporates industries with heterogeneous … innovation sizes. Government de-mand in high-tech industries increases the market size in these industries and, with it, the in …
Persistent link: https://www.econbiz.de/10010286456
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We … develop an endogenous growth model with quality-improving innovation that incorporates industries with heterogeneous … innovation sizes. Government demand in high-tech industries increases the market size in these industries and, with it, the …
Persistent link: https://www.econbiz.de/10009291506
This paper addresses the question of whether government procurement can work as a de facto innovation policy tool. We … develop an endogenous growth model with quality-improving in-novation that incorporates industries with heterogeneous … innovation sizes. Government de-mand in high-tech industries increases the market size in these industries and, with it, the in …
Persistent link: https://www.econbiz.de/10009271362
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
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012964161
We analyze the nature of research and development (R&D) that leads to Schumpeterian economic growth in a region that is creative in the sense of Richard Florida. The engine of economic growth in our creative region is process innovations that lead to quality improvements in the machines that are...
Persistent link: https://www.econbiz.de/10012982867
increase in the share of government purchases in high-tech industries increases the rewards for innovation, and stimulates … findings bring public procurement within the realm of the innovation policy debate. …
Persistent link: https://www.econbiz.de/10010312075
intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot …
Persistent link: https://www.econbiz.de/10010270491