We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the …

environmental regulations, the resulting decision by a polluting firm to upgrade its capital stock, and the impact of innovation on … of an unanticipated increase in innovation on the polluting firm's steady state capital stock. Fourth, we analyze the … impact of an anticipated increase in innovation on the polluting firm's steady state capital stock. Finally, we discuss the …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … little innovation in (i) the ith region, (ii) an aggregate economy of N>2 regions and (iii) an aggregate economy of N=2 …

deterministic model, R&D in time t surely leads to an innovation in time t 1. In this setting, we show that relative to the balanced … innovation and a higher growth rate. Next, in the stochastic model, R&D in time t probabilistically leads to an innovation in …

constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …

We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …