Innovation and Growth in the Global Economy - GROSSMAN, GENE M.

Innovation and Growth in the Global Economy

GENE M. GROSSMAN

Yayınevi: MIT Press

Yayın tarihi: 11/1993

ISBN: 9780262570978

İngilizce | 359 Sayfa | 16,26x22,61x2,29 cm.

Tür: Ekonomi

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"A pathbreaking contribution by two of the smartest economists at the frontier of trade theory today." -- Jagdish Bhagwati, Columbia University

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.

Gene M. Grossman is Professor of Economics and International Affairs at Princeton University. Elhanan Helpman is Archie Sherman Professor of International Economic Relations at Tel Aviv University.

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