Innovation and growth in the global economy photograph

Innovation And Growth In The Global Economy

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Originally published 1991
Authors Gene Grossman
Date of Reg.
Date of Upd.
ID2097616
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About Innovation And Growth In The Global Economy


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. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. . . .

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