haku: @author Cozzi, G. / yhteensä: 2
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| Tekijä: | Cozzi, G. |
| Otsikko: | Animal spirits and the composition of innovation |
| Lehti: | European Economic Review
2005 : APR, VOL. 49:3, p. 627-637 |
| Asiasana: | Innovation Growth Models |
| Kieli: | eng |
| Tiivistelmä: | This paper shows that the Schumpeterian model with both vertical and horizontal innovative research admits many more equilibria than the unique symmetric balanced growth path (BGP) usually highlighted in the literature. Each of a continuum of BGPs is characterized by a different composition of aggregate R&D (vertical vs. horizontal). |
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