Innovation and Growth in the Global Economy / Edition 1

Innovation and Growth in the Global Economy / Edition 1

by Gene M. Grossman, Elhanan Helpman
     
 

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ISBN-10: 0262570971

ISBN-13: 9780262570978

Pub. Date: 01/29/1993

Publisher: MIT Press

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

Overview

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.

Product Details

ISBN-13:
9780262570978
Publisher:
MIT Press
Publication date:
01/29/1993
Series:
Readings in Economics Series
Edition description:
Reprint
Pages:
384
Product dimensions:
5.87(w) x 9.00(h) x 0.75(d)
Age Range:
18 Years

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