Arbeitspapier

Innovation diffusion, technological convergence and economic growth

The paper investigates the mechanics through which novel technological principles are developed and diffused throughout an economy consisting of a technologically heterogeneous ensemble of firms. In the model entrepreneurs invest in the discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation and on how long it takes other entrepreneurs to improve it. We show that technological convergence emerges from the competition among entrepreneurs for the profit flow and characterize the economy's growth rate.

Sprache
Englisch

Erschienen in
Series: Quaderni - Working Paper DSE ; No. 912

Klassifikation
Wirtschaft
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
One, Two, and Multisector Growth Models
General Aggregative Models: Other

Ereignis
Geistige Schöpfung
(wer)
Andergassen, Rainer
Nardini, Franco
Ricottilli, Massimo
Ereignis
Veröffentlichung
(wer)
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
(wo)
Bologna
(wann)
2013

DOI
doi:10.6092/unibo/amsacta/3885
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Andergassen, Rainer
  • Nardini, Franco
  • Ricottilli, Massimo
  • Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

Entstanden

  • 2013

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