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Is There a Penalty to being a Pioneer

Author

Listed:
  • Redding, S.

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.

Suggested Citation

  • Redding, S., 1995. "Is There a Penalty to being a Pioneer," Economics Papers 109, Economics Group, Nuffield College, University of Oxford.
    • Handle: RePEc:nuf:econwp:109
    as

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    More about this item

    Keywords

    ECONOMIC GROWTH; INNOVATIONS;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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