FLEMMIG, J and GOTZ, G (1993) EXTERNALITIES, NON-CONVEXITIES AND ENDOGENOUS TECHNICAL PROGRESS - LOOK INTO THE FUNCTION OF THE NEW GROWTH THEORY. JAHRBUCH FUR SOZIALWISSENSCHAFT, 44 (2). pp. 203-215. ISSN 0075-2770,
Full text not available from this repository.Abstract
We describe a dynamic general equilibrium model of innovation in which endogenous technological progress results from the profit-maximizing behavior of entrepreneurs. In this model, firms must incur resource costs to introduce new horizontally differentiated, intermediate products, and forward-looking producers enter this market whenever profit opportunities exist. This paper is emphasizing the role of nonconvexities, rivalry and excludability in the determination of the rate of growth.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | ; |
| Depositing User: | Dr. Gernot Deinzer |
| Last Modified: | 19 Oct 2022 08:43 |
| URI: | https://pred.uni-regensburg.de/id/eprint/54194 |
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