G. Cozzi
R&D cooperation, innovation, and growth
Cozzi, G.; Tarola, O.
Authors
O. Tarola
Abstract
This paper presents a standard endogenous growth framework in which the source of growth is represented by vertical innovations. The crucial assumption we introduce is that there is a positive information gap concerning the discovery of innovation. The aim of reducing the information-dissemination lag provides incentives for firms to decide to merge their research efforts. Also, we find that the skilled - unskilled wage gap is strongly related to this phenomenon. We prove that changing antitrust attitudes toward efficiency-motivated mergers in contestable industries may simultaneously explain observed changes in the industry structure, qualitative innovation, wage inequality, and labor-supply composition.
Citation
Cozzi, G., & Tarola, O. (2006). R&D cooperation, innovation, and growth. Journal of Institutional and Theoretical Economics, 162(4), 683-701. https://doi.org/10.1628/093245606779252670
Journal Article Type | Article |
---|---|
Publication Date | Dec 1, 2006 |
Deposit Date | Feb 17, 2010 |
Journal | Journal of Institutional and Theoretical Economics |
Print ISSN | 0932-4569 |
Publisher | Mohr Siebeck |
Peer Reviewed | Peer Reviewed |
Volume | 162 |
Issue | 4 |
Pages | 683-701 |
DOI | https://doi.org/10.1628/093245606779252670 |
Public URL | https://durham-repository.worktribe.com/output/1522107 |
You might also like
Effects of economic development in China on skill-biased technical change in the US
(2014)
Journal Article
R&D and Economic Growth in a Cash-in-Advance Economy
(2014)
Journal Article
A note on heterogeneity, inefficiency, and indeterminacy with Ricardian preferences
(2001)
Journal Article
Rat race, redistribution, and growth
(2004)
Journal Article
Intellectual appropriability, product differentiation, and growth
(2006)
Journal Article
Downloadable Citations
About Durham Research Online (DRO)
Administrator e-mail: dro.admin@durham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search