A NOTE ON SCHUMPETERIAN COMPETITION IN THE CREATIVE CLASS AND INNOVATION POLICY

Amitrajeet Batabyal and Seung JICK Yoo ()
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Seung JICK Yoo: Corresponding Author. Graduate School of International Service, Sookmyung Women's University, 100 Cheongpa-ro 47-gil, Yongsan-gu, Seoul, Republic of Korea.

Regional Science Inquiry, 2018, vol. X, issue 3, 119-125

Abstract: We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition and thereby extend aspects of the recent analysis in Batabyal and Yoo (2017). Using the language of these researchers, the creative class is broadly composed of existing and candidate entrepreneurs. In contrast to these researchers, we suppose that R&D by candidate entrepreneurs does not generate any negative externalities. In this setting, we analyze the impact that taxes and subsidies on R&D by existing and candidate entrepreneurs have on R&D expenditures and regional economic growth.

Keywords: Creative Class; Creative Destruction; Economic Growth; Innovation Policy; R&D (search for similar items in EconPapers)
JEL-codes: O31 O38 R11 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: A Note on Schumpeterian Competition in the Creative Class and Innovation Policy (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:x:y:2018:i:3:p:119-125

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