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Innovation and Growth in the Global Economy
Gene M Grossman • Elhanan Helpman
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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.
- Illustratör: 55
- Format: Pocket/Paperback
- ISBN: 9780262570978
- Språk: Engelska
- Antal sidor: 384
- Utgivningsdatum: 1993-01-01
- Förlag: MIT Press