Innovation, industrial dynamics and economic growth

Arbeitspapier

We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain the evolution of industries and aggregate growth in closed and open economies. Firms employ educated workers in order to develop higher-quality products. The realization of quality innovations becomes more difficult as the quality level increases but this deterioration of technological opportunities is compensated by an improvement of the researchers' capabilities. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve according to stochastic processes of innovation, imitation and technology adaption in the global economy.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: University of Tübingen Working Papers in Economics and Finance ; No. 84

Classification and Topics

• Classification: Wirtschaft ; Economic Growth of Open Economies ; Innovation and Invention: Processes and Incentives ; Technological Change: Choices and Consequences; Diffusion Processes ; Intellectual Property and Intellectual Capital
• Subject: education ; innovation ; industrial dynamics ; technology transfer ; international trade ; economic growth

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Stadler, Manfred
• Event: Veröffentlichung
• (who): University of Tübingen, Faculty of Economics and Social Sciences
• (where): Tübingen
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/112714
• URN: urn:nbn:de:bsz:21-dspace-642199
• Last update: 10.03.2025, 11:41 AM CET