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Innovation and Growth in the Global Economy

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Innovation and Growth in the Global Economy

Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.
Country USA
Brand MIT Press
Manufacturer The MIT Press
Binding Paperback
ItemPartNumber 55
Color Silver
ReleaseDate 1993-01-29
UnitCount 1
EANs 9780262570978

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