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Horizontal innovation, market power and growth

Author

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  • Alberto BUCCI

    ([n.a.])

Abstract

In this paper, we build a general model of horizontal product innovation and economic development, taking explicitely into account the most relevant insights stemming from the recent literature on this topic. What results from our analysis is that, when innovation is both deterministic and horizontal, the relationship between market power and aggregate growth is not robust at all. We also find that not only technology, but also the intersectoral competition for human capital, matters for growth. This is particularly relevant in terms of public policies aimed at the strategic allocation of skilled workers to the different sectors of the economy.

Suggested Citation

  • Alberto BUCCI, 1999. "Horizontal innovation, market power and growth," Working Papers 120, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    • Handle: RePEc:anc:wpaper:120
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    File URL: http://docs.dises.univpm.it/web/quaderni/pdf/120.pdf
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    Citations

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    Cited by:

    1. Ugo Fratesi, 2003. "Innovation Diffusion and the Evolution of Regional Disparities," ERSA conference papers ersa03p327, European Regional Science Association.
    2. Nicola MATTEUCCI & Alessandro STERLACCHINI, 2003. "ICT and Employment Growth in Italian Industries," Working Papers 193, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Alberto BUCCI, 2002. "Market Power, Human Capital and Growth," LIDAM Discussion Papers IRES 2002012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. Yılmaz, Ensar, 2013. "Competition, taxation and economic growth," Economic Modelling, Elsevier, vol. 35(C), pages 134-139.
    5. Alberto Bucci, 2003. "R&D, Imperfect Competition and Growth with Human Capital Accumulation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(4), pages 417-439, September.
    6. Alberto Bucci, 2005. "Human capital, product market power and economic growth," Chapters, in: Neri Salvadori & Renato Balducci (ed.), Innovation, Unemployment and Policy in the Theories of Growth and Distribution, chapter 1, Edward Elgar Publishing.

    More about this item

    Keywords

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    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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