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Innovationen, Imitationen und Differenzgewinne: Die Barone-Kurve im Kontext wirtschaftlicher Entwicklung

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  • Sell, Friedrich L.

Abstract

In this paper, we intend so "re-construct" the famous Barone-curve, which goes back to Enrico Barone's contributions to economics in the 1930s. After discussing the comparative statics and the distribution of profits features of the model, we have explicitly introduced, for the first time, the demand side of the economy into the model. This is important when it comes to assess the relevance of major demand factors' elasticities. Thereafter, we have set up a dynamic version of the Barone curve model. Based on a heterogeneous second order differential equation, the stability and convergence properties of prices are identified under the conditions of an existing Barone curve. Finally, we have analyzed possible empirical investigations on the relevance of the Barone curve and evaluated policy implications.

Suggested Citation

  • Sell, Friedrich L., 2019. "Innovationen, Imitationen und Differenzgewinne: Die Barone-Kurve im Kontext wirtschaftlicher Entwicklung," Working Papers in Economics 2019,1, Bundeswehr University Munich, Economic Research Group.
    • Handle: RePEc:zbw:ubwwpe:20191
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    More about this item

    Keywords

    Innovation; imitation; Barone curve; Static and dynamic macro modeling;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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