Innovation and growth in the global economy

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書誌事項

Innovation and growth in the global economy

Gene M. Grossman and Elhanan Helpman

MIT Press, 1993, c1991

  • : pbk

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注記

Bibliography: p. [343]-350

Includes index

内容説明・目次

内容説明

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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