Horizontal innovation, market power and growth

Alberto Bucci ()

No 120, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: In this paper, we build a general model of horizontal product innovation and economic development, taking explicitely into account the most relevant insights stemming from the recent literature on this topic. What results from our analysis is that, when innovation is both deterministic and horizontal, the relationship between market power and aggregate growth is not robust at all. We also find that not only technology, but also the intersectoral competition for human capital, matters for growth. This is particularly relevant in terms of public policies aimed at the strategic allocation of skilled workers to the different sectors of the economy.

Keywords: Endogenous Growth; Horizontal Product Differentiation; Market Power; Technological Change (search for similar items in EconPapers)
JEL-codes: L16 O31 O41 (search for similar items in EconPapers)
Pages: 38
Date: 1999-10
References: Add references at CitEc
Citations: View citations in EconPapers (6)

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http://docs.dises.univpm.it/web/quaderni/pdf/120.pdf First version, 1999 (application/pdf)

Related works:
Journal Article: HORIZONTAL INNOVATION, MARKET POWER AND GROWTH (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:120

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