Innovation and Growth in the Global Economy

Couverture
MIT Press, 1991 - 359 pages

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.

 

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Table des matières

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
Droits d'auteur

Expressions et termes fréquents

À propos de l'auteur (1991)

Gene M. Grossman is Jacob Viner Professor of International Economics and Director of the International Economics Section at Princeton University.

Elhanan Helpman is Professor of Economics at Harvard University, the Archie Sherman Chair Professor of International Economic Relations in the Eitan Berglas School of Economics at Tel-Aviv University, and a Fellow at the Canadian Institute for Advanced Research.

Informations bibliographiques