Innovation and Growth in the Global EconomyMIT Press, 29. 1. 1993 - Počet stran: 376 Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. |
Obsah
Growth and Technology | 1 |
Traditional Growth Theory | 22 |
Expanding Product Variety | 43 |
Rising Product Quality | 84 |
Factor Accumulation | 112 |
Small Open Economy | 144 |
Dynamic Comparative Advantage | 177 |
Hysteresis | 206 |
Trade and Growth | 237 |
International Transmission of Policies | 258 |
Imitation | 281 |
Product Cycles | 310 |
Lessons about Growth | 334 |
Další vydání - Zobrazit všechny
Innovation and Growth in the Global Economy Gene M. Grossman,Elhanan Helpman Náhled není k dispozici. - 1993 |
Innovation and Growth in the Global Economy Gene M. Grossman,Elhanan Helpman Náhled není k dispozici. - 1993 |
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accumulation aggregate autarky brand chapter comparative advantage competition constant cost demand derive differentiated products dynamic dynamic equilibrium effect endogenous endowments entrepreneurs equal equation equi exogenous factor price equalization factor prices figure growth rate high-tech households human capital human-capital-rich country implies incentives increase indifference curve industry initial innovation and growth innovative products input interest rate intermediate international knowledge spillovers international trade intersection investment knowledge capital knowledge spillovers long-run equilibrium long-run growth long-run rate manufacturing sector market clearing market share narrow-gap NN curve no-arbitrage condition North Northern firm optimal pricing equation product development rate of imitation rate of innovation ratio relative wage represents requires research lab returns returns to scale rise South Southern spending SS curve static steady steady-state equilibrium stock of knowledge substitution technological progress tion trade policy units of labor unskilled labor wage rate wide-gap world economy zero