Is There a Penalty to being a Pioneer

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Is There a Penalty to being a Pioneer

Author Info

Redding, S.

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Stephen James Redding

Abstract

This paper is concerned with the validity of historical claims that there may be a "penelty" of being a pionee. The analysis applies Aghion and Howitt's (1994) distinction between fundamental end secondary knowledge to investigate the existence of a "penalty" of being pioneer with general equilibrium model of endogenous growth.

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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 109.

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Length: 37 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:nuf:econwp:109

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Web page: http://www.nuff.ox.ac.uk/economics/

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Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

Cited by:
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Gavin Cameron, 2000. "The Sun Also Rises: Productivity Convergence Between Japan and the USA," Economics Series Working Papers 045, University of Oxford, Department of Economics. [Downloadable!]
Other versions:
- Gavin Cameron, 2005. "The Sun Also Rises: Productivity Convergence Between Japan and the USA," Journal of Economic Growth, Springer, vol. 10(4), pages 387-408, December. [Downloadable!] (restricted)
Pranab Bardhan & Rodrigo Priale, 1996. "Endogenous Growth Theory in a Vintage Capital Model," Center for International and Development Economics Research, Working Paper Series 1040, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
Other versions:
- Pranab Bardhan and Rodrigo Priale., 1996. "Endogenous Growth Theory in a Vintage Capital Model," Center for International and Development Economics Research (CIDER) Working Papers C96-069, University of California at Berkeley.

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