Is There a Penalty to being a Pioneer

Stephen Redding

Economics Papers from Economics Group, Nuffield College, University of Oxford

Abstract: This paper is concerned with the validity of historical claims that there may be a "penelty" of being a pionee. The analysis applies Aghion and Howitt's (1994) distinction between fundamental end secondary knowledge to investigate the existence of a "penalty" of being pioneer with general equilibrium model of endogenous growth.

Keywords: ECONOMIC GROWTH; INNOVATIONS (search for similar items in EconPapers)
JEL-codes: O31 O40 O49 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:nuf:econwp:109

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