Akcigit, Ufuk; Ates, Sina T.; Impullitti, Giammario - 2018
innovation endogenously determines the dynamics of technology, market leadership, and trade flows, in a world with two large open … economies at different stages of development. Firms’ R&D decisions are driven by (i) the defensive innovation motive, (ii) the … expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation illustrates that, statically …