R&D Cooperation, Innovation, and Growth

Guido Cozzi and Ornella Tarola

Journal of Institutional and Theoretical Economics (JITE), 2006, vol. 162, issue 4, 683-701

Abstract: This paper presents a standard endogenous growth framework in which the source of growth is represented by vertical innovations. The crucial assumption we introduce is that there is a positive information gap concerning the discovery of innovation. The aim of reducing the information-dissemination lag provides incentives for firms to decide to merge their research efforts. Also, we find that the skilled--unskilled wage gap is strongly related to this phenomenon. We prove that changing antitrust attitudes toward efficiency-motivated mergers in contestable industries may simultaneously explain observed changes in the industry structure, qualitative innovation, wage inequality, and labor-supply composition.

JEL-codes: L25 L40 O31 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (5)

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