Horizontal Innovation in the Theory of Growth and Development
Gino Gancia () and
Fabrizio Zilibotti ()
Chapter 03 in Handbook of Economic Growth, 2005, vol. 1, Part A, pp 111-170 from Elsevier
We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990). "Endogenous technological change". Journal of Political Economy 98, 71-102]. In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the "lab-equipment" model, "labor-for-intermediates" and "directed technical change". We review applications of the expanding variety framework to the analysis of international technology diffusion, trade, cross-country productivity differences, financial development and fluctuations. In many such applications, a key role is played by complementarities in the process of innovation.
JEL-codes: O0 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (37) Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/B7P5F ... 1e7397a32d561b54fd02
Full text for ScienceDirect subscribers only
Working Paper: Horizontal Innovation in the Theory of Growth and Development (2005)
Working Paper: Horizontal innovation in the theory of growth and development (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eee:grochp:1-03
Access Statistics for this chapter
More chapters in Handbook of Economic Growth from Elsevier
Series data maintained by Zhang, Lei ().