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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010262477
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10010315207
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
Persistent link: https://www.econbiz.de/10010330288
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10010322301
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10010277206
accumulation. Human capital is an important source of sustained growth. By focusing explicity on innovation as an economic activity …
Persistent link: https://www.econbiz.de/10010301336
Intellectual Property Rights (IPRs) protection in terms of its impact on innovation and technology transfer, as well as economic … surveying the theoretical and empirical literature linking the protection of IPRs to economic growth, innovation and technology …
Persistent link: https://www.econbiz.de/10012099917
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10010325207
This study aims to analyze the evolution of Brazilian agricultural production from the 1960s to now. We will summarize some of the main findings from the historical view of Brazilian agriculture development. The arguments should rest here on how technical change and the national system of...
Persistent link: https://www.econbiz.de/10012234236
Persistent link: https://www.econbiz.de/10011435107