Innovation and growth in the global economy

Author(s)

• Grossman, Gene M.
• Helpman, Elhanan

Bibliographic Information

Innovation and growth in the global economy

Gene M. Grossman and Elhanan Helpman

MIT Press, 1993, c1991

• : pbk

Note

Bibliography: p. [343]-350

Includes index

Description and Table of Contents

Description

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.

by "Nielsen BookData"

Details

• NCID: BA21127692
• ISBN:
  • 0262570971
• LCCN: 91015795
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cambridge, Mass.
• Pages/Volumes: xiv, 359 p.
• Size: 23 cm
• Classification:
  • NDC7 : 333.6
  • LCC : HC79.T4
  • DC20 : 338.9
• Subject Headings:
  • LCSH : Technological innovations -- Economic aspects
  • LCSH : Economic development
  • LCSH : International trade
  • LCSH : Economic history -- 1945-