Animal Spirits and the Composition of Innovation in a Lab-Equipment R&D Model
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Jaimovich, Nir, 2007.
"Firm dynamics and markup variations: Implications for sunspot equilibria and endogenous economic fluctuations,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 300-325, November.
- Nir Jaimovich, 2007. "Firm Dynamics and Markup Variations: Implications for Sunspot Equilibria and Endogenous Economic Fluctuation," Discussion Papers 07-011, Stanford Institute for Economic Policy Research.
- Gene M. Grossman & Elhanan Helpman, 1991.
"Quality Ladders in the Theory of Growth,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 43-61.
- Gene M. Grossman & Elhanan Helpman, 1989. "Quality Ladders in the Theory of Growth," NBER Working Papers 3099, National Bureau of Economic Research, Inc.
- Grossman, G.M. & Helpman, E., 1989. "Quality Ledders In The Theory Of Growth," Papers 148, Princeton, Woodrow Wilson School - Public and International Affairs.
- Aghion, Philippe & Howitt, Peter, 1992.
"A Model of Growth through Creative Destruction,"
Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
- Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," University of Western Ontario, Departmental Research Report Series 8904, University of Western Ontario, Department of Economics.
- Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth Through Creative Destruction," Scholarly Articles 12490578, Harvard University Department of Economics.
- Philippe Aghion & Peter Howitt, 1990. "A Model of Growth Through Creative Destruction," NBER Working Papers 3223, National Bureau of Economic Research, Inc.
- Aghion, P. & Howitt, P., 1990. "A Model Of Growth Through Creative Destruction," DELTA Working Papers 90-12, DELTA (Ecole normale supérieure).
- Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," Working papers 527, Massachusetts Institute of Technology (MIT), Department of Economics.
- Francisco L. Rivera-Batiz & Luis A. Rivera-Batiz, 2018.
"Economic Integration and Endogenous Growth,"
World Scientific Book Chapters, in: Francisco L Rivera-Batiz & Luis A Rivera-Batiz (ed.), International Trade, Capital Flows and Economic Development, chapter 1, pages 3-32,
World Scientific Publishing Co. Pte. Ltd..
- Luis A. Rivera-Batiz & Paul M. Romer, 1991. "Economic Integration and Endogenous Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 531-555.
- Luis A. Rivera-Batiz & Paul M. Romer, 1990. "Economic Integration and Endogenous Growth," NBER Working Papers 3528, National Bureau of Economic Research, Inc.
- Evans George W & Honkapohja Seppo M.S. & Marimon Ramon, 2007.
"Stable Sunspot Equilibria in a Cash-in-Advance Economy,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-38, January.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2001. "Stable Sunspot Equilibria in a Cash-in-Advance Economy," CESifo Working Paper Series 611, CESifo.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2003. "Stable Sunspot Equilibria in a Cash-in-Advance Economy," Working Papers 14, Barcelona School of Economics.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2002. "Stable Sunspot Equilibira in a Cash-in-Advance Economy," University of Oregon Economics Department Working Papers 2001-5, University of Oregon Economics Department, revised 15 Nov 2005.
- George W. Evans & Seppo Honkapohja & Ramon Marimon, 2004. "Stable sunspot equilibria in a cash-in-advance economy," Economics Working Papers 844, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2005.
- Drugeon, Jean-Pierre & Wigniolle, Bertrand, 1996. "Continuous-Time Sunspot Equilibria and Dynamics in a Model of Growth," Journal of Economic Theory, Elsevier, vol. 69(1), pages 24-52, April.
- Kazuo Nishimura & Tadashi Shigoka, 2006. "Sunspots and Hopf bifurcations in continuous time endogenous growth models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 2(3‐4), pages 199-216, September.
- Daron Acemoglu, 2002.
"Directed Technical Change,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(4), pages 781-809.
- Daron Acemoglu, 2001. "Directed Technical Change," NBER Working Papers 8287, National Bureau of Economic Research, Inc.
- Peretto, Pietro F, 1998.
"Technological Change and Population Growth,"
Journal of Economic Growth, Springer, vol. 3(4), pages 283-311, December.
- Peretto, Pietro F., 1996. "Technological Change and Population Growth," Working Papers 96-28, Duke University, Department of Economics.
- Segerstrom, Paul S & Zolnierek, James M, 1999. "The R&D Incentives of Industry Leaders," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(3), pages 745-766, August.
- Costas Azariadis & Roger Guesnerie, 1986. "Sunspots and Cycles," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(5), pages 725-737.
- Peter Howitt, 1999. "Steady Endogenous Growth with Population and R & D Inputs Growing," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 715-730, August.
- Dinopoulos, Elias & Thompson, Peter, 1998. "Schumpeterian Growth without Scale Effects," Journal of Economic Growth, Springer, vol. 3(4), pages 313-335, December.
- Satyajit Chatterjee & Russell Cooper & B. Ravikumar, 1993.
"Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(4), pages 795-811.
- Satyajit Chatterjee & Russell W. Cooper & B. Ravikumar, 1993. "Strategic complementarity in business formation: aggregate fluctuations and sunspot equilibria," Working Papers 93-9, Federal Reserve Bank of Philadelphia.
- Segerstrom, Paul S, 2000.
"The Long-Run Growth Effects of R&D Subsidies,"
Journal of Economic Growth, Springer, vol. 5(3), pages 277-305, September.
- Segerstrom, Paul S., 1998. "The Long-Run Growth Effects of R&D Subsidies," Working Paper Series 506, Research Institute of Industrial Economics.
- Dos Santos Ferreira, Rodolphe & Dufourt, Frederic, 2006.
"Free entry and business cycles under the influence of animal spirits,"
Journal of Monetary Economics, Elsevier, vol. 53(2), pages 311-328, March.
- Rodolphe dos Santos Ferreira & Frédéric Dufourt, 2006. "Free entry and business cycles under the influence of animal spirits," Post-Print halshs-00789030, HAL.
- Woodford, Michael, 1990.
"Learning to Believe in Sunspots,"
Econometrica, Econometric Society, vol. 58(2), pages 277-307, March.
- Woodford, Michael, 1986. "Learning to Believe in Sunspots," Working Papers 86-16, C.V. Starr Center for Applied Economics, New York University.
- Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April.
- Cozzi, Guido, 2005. "Animal spirits and the composition of innovation," European Economic Review, Elsevier, vol. 49(3), pages 627-637, April.
- Klepper, Steven, 1996. "Entry, Exit, Growth, and Innovation over the Product Life Cycle," American Economic Review, American Economic Association, vol. 86(3), pages 562-583, June.
- Arnold, Lutz G., 1998. "Growth, Welfare, and Trade in an Integrated Model of Human-Capital Accumulation and Research," Journal of Macroeconomics, Elsevier, vol. 20(1), pages 81-105, January.
- Azariadis, Costas, 1981. "Self-fulfilling prophecies," Journal of Economic Theory, Elsevier, vol. 25(3), pages 380-396, December.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Shigoka Tadashi, 1994. "A Note on Woodford's Conjecture: Constructing Stationary Sunspot Equilibria in a Continuous Time Model," Journal of Economic Theory, Elsevier, vol. 64(2), pages 531-540, December.
- Patrick Francois & Huw Lloyd-Ellis, 2003. "Animal Spirits Through Creative Destruction," American Economic Review, American Economic Association, vol. 93(3), pages 530-550, June.
- Pedro Rui Mazeda Gil & Paulo Brito & Óscar Afonso, 2008. "A Model of Quality Ladders with Horizontal Entry," FEP Working Papers 296, Universidade do Porto, Faculdade de Economia do Porto.
- Pietro Peretto & Michelle Connolly, 2007. "The Manhattan Metaphor," Journal of Economic Growth, Springer, vol. 12(4), pages 329-350, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Pedro Gil, 2013.
"Animal spirits and the composition of innovation in a lab-equipment R&D model with transition,"
Journal of Economics, Springer, vol. 108(1), pages 1-33, January.
- Pedro Mazeda Gil, 2010. "Animal Spirits and the Composition of Innovation in a Lab-Equipment R&D Model with Transition," DEGIT Conference Papers c015_040, DEGIT, Dynamics, Economic Growth, and International Trade.
- Pedro Rui Mazeda Gil & Paulo Brito & Óscar Afonso, 2008. "A Model of Quality Ladders with Horizontal Entry," FEP Working Papers 296, Universidade do Porto, Faculdade de Economia do Porto.
- Frederic Tournemaine & Pongsak Luangaram, 2012. "R&D, human capital, fertility, and growth," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 923-953, July.
- Holger Strulik, 2005.
"The Role of Human Capital and Population Growth in R&D‐based Models of Economic Growth,"
Review of International Economics, Wiley Blackwell, vol. 13(1), pages 129-145, February.
- Holger Strulik, 2001. "The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth," Quantitative Macroeconomics Working Papers 20109, Hamburg University, Department of Economics.
- Strulik, Holger, 2002. "The Role of Human Capital and Population Growth in R&D-Based Models of Economic Growth," Royal Economic Society Annual Conference 2002 170, Royal Economic Society.
- Chu, Angus C. & Cozzi, Guido & Galli, Silvia, 2012.
"Does intellectual monopoly stimulate or stifle innovation?,"
European Economic Review, Elsevier, vol. 56(4), pages 727-746.
- Chu, Angus C. & Cozzi, Guido & Galli, Silvia, 2010. "Does intellectual monopoly stimulate or stifle innovation?," MPRA Paper 29061, University Library of Munich, Germany.
- Chu, Angus C. & Cozzi, Guido & Galli, Silvia, 2010. "Does intellectual monopoly stimulate or stifle innovation?," MPRA Paper 31019, University Library of Munich, Germany, revised May 2011.
- Gil, Pedro Mazeda, 2010.
"Stylised facts and other empirical evidence on firm dynamics, business cycle and growth,"
Research in Economics, Elsevier, vol. 64(2), pages 73-80, June.
- Pedro Rui Mazeda Gil, 2008. "Stylized Facts and Other Empirical Evidence on Firm Dynamics, Business Cycle and Growth," FEP Working Papers 276, Universidade do Porto, Faculdade de Economia do Porto.
- Chu, Angus C. & Cozzi, Guido & Galli, Silvia, 2012.
"Does intellectual monopoly stimulate or stifle innovation?,"
European Economic Review, Elsevier, vol. 56(4), pages 727-746.
- Angus C. Chu & Guido Cozzi & Silvia Galli, 2009. "Innovation-Specific Patent Protection," IEAS Working Paper : academic research 09-A010, Institute of Economics, Academia Sinica, Taipei, Taiwan, revised 16 Mar 2010.
- Chu, Angus C. & Cozzi, Guido & Galli, Silvia, 2010. "Does intellectual monopoly stimulate or stifle innovation?," MPRA Paper 29061, University Library of Munich, Germany.
- Jones, Charles I., 2005.
"Growth and Ideas,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 16, pages 1063-1111,
Elsevier.
- Charles I. Jones, 2004. "Growth and Ideas," NBER Working Papers 10767, National Bureau of Economic Research, Inc.
- He, Qichun & Wang, Xilin, 2020. "Money, Human Capital and Endogenous Market Structure in a Schumpeterian Economy," MPRA Paper 104609, University Library of Munich, Germany.
- Prettner, Klaus, 2012.
"Public education, technological change and economic prosperity: semi-endogenous growth revisited,"
VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century
65414, Verein für Socialpolitik / German Economic Association.
- Klaus Prettner, 2012. "Public education, technological change and economic prosperity: semi-endogenous growth revisited," PGDA Working Papers 9012, Program on the Global Demography of Aging.
- Capolupo, Rosa, 2009.
"The New Growth Theories and Their Empirics after Twenty Years,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
- Capolupo, Rosa, 2008. "The New Growth Theories and Their Empirics after Twenty Years," Economics Discussion Papers 2008-27, Kiel Institute for the World Economy (IfW Kiel).
- Katsuhiko Hori & Katsunori Yamada, 2013.
"Education, Innovation and Long-Run Growth,"
The Japanese Economic Review, Japanese Economic Association, vol. 64(3), pages 295-318, September.
- Katsuhiko Hori & Katsunori Yamada, 2008. "Education, Innovation, and Long-Run Growth," Keio/Kyoto Joint Global COE Discussion Paper Series 2008-041, Keio/Kyoto Joint Global COE Program.
- Katsuhiko Hori & Katsunori Yamada, 2011. "Education, Innovation, and Long-Run Growth," KIER Working Papers 798, Kyoto University, Institute of Economic Research.
- Katsuhiko Hori & Katsunori Yamada, 2009. "Education, Innovation, and Long-Run Growth," ISER Discussion Paper 0731, Institute of Social and Economic Research, Osaka University, revised Nov 2011.
- Guido Cozzi & Silvia Galli, 2014.
"Sequential R&D and blocking patents in the dynamics of growth,"
Journal of Economic Growth, Springer, vol. 19(2), pages 183-219, June.
- Guido Cozzi & Silvia Galli, 2012. "Sequential R&D and Blocking Patents in the Dynamics of Growth," Working Papers 2012_02, Durham University Business School.
- Cozzi, Guido & Galli, Silvia, 2013. "Sequential R&D and Blocking Patents in the Dynamics of Growth," Economics Working Paper Series 1305, University of St. Gallen, School of Economics and Political Science.
- Angus C. Chu & Yuichi Furukawa & Sushanta Mallick & Pietro Peretto & Xilin Wang, 2021.
"Dynamic effects of patent policy on innovation and inequality in a Schumpeterian economy,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1429-1465, June.
- Chu, Angus C. & Furukawa, Yuichi & Mallick, Sushanta & Peretto, Pietro & Wang, Xilin, 2019. "Dynamic Effects of Patent Policy on Innovation and Inequality in a Schumpeterian Economy," MPRA Paper 96240, University Library of Munich, Germany.
- Angus C. Chu & Yuichi Furukawa & Sushanta Mallick & Pietro Peretto & Xilin Wang, 2019. "Dynamic Effects of Patent Policy on Innovation and Inequality in a Schumpeterian Economy," Working Papers 201911, University of Liverpool, Department of Economics.
- Stadler, Manfred, 2015. "Innovation, industrial dynamics and economic growth," University of Tübingen Working Papers in Business and Economics 84, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
- Guido Cozzi & Silvia Galli, 2009.
"Upstream Innovation Protection: Common Law Evolution and the Dynamics of Wage Inequality,"
Working Papers
2009_20, Business School - Economics, University of Glasgow.
- Cozzi, Guido & Galli, Silvia, 2011. "Upstream innovation protection: common law evolution and the dynamics of wage inequality," MPRA Paper 31902, University Library of Munich, Germany.
- Gray, Elie & Grimaud, André, 2014. "The Lindahl equilibrium in Schumpeterian growth models: Knowledge diffusion, social value of innovations and optimal R&D incentives," TSE Working Papers 14-469, Toulouse School of Economics (TSE).
- Chu, Angus C. & Wang, Xilin, 2022.
"Effects Of R&D Subsidies In A Hybrid Model Of Endogenous Growth And Semi-Endogenous Growth,"
Macroeconomic Dynamics, Cambridge University Press, vol. 26(3), pages 813-832, April.
- Chu, Angus C. & Wang, Xilin, 2019. "Effects of R&D Subsidies in a Hybrid Model of Endogenous Growth and Semi-Endogenous Growth," MPRA Paper 94620, University Library of Munich, Germany.
- Arkadiusz Kijek & Tomasz Kijek, 2020. "Nonlinear Effects of Human Capital and R&D on TFP: Evidence from European Regions," Sustainability, MDPI, vol. 12(5), pages 1-14, February.
- Thomas I. Renström & Luca Spataro, 2015.
"Population Growth and Human Capital: A Welfarist Approach,"
Manchester School, University of Manchester, vol. 83, pages 110-141, December.
- Thomas Renstrom & Luca Spataro, 2014. "Population growth and human capital: a welfarist approach," Public Finance Research Papers 3, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
More about this item
Keywords
endogenous growth; horizontal and vertical R&D; stationary sunspot equilibria;All these keywords.
JEL classification:
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2009-10-10 (Dynamic General Equilibrium)
- NEP-ENT-2009-10-10 (Entrepreneurship)
- NEP-INO-2009-10-10 (Innovation)
- NEP-MIC-2009-10-10 (Microeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:por:fepwps:336. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/fepuppt.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.