Horizontal innovation in the theory of growth and development
Gino Gancia () and
Fabrizio Zilibotti ()
Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” 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.
Keywords: appropriate technology; complementarity; cycles; convergence; directed technical change; endogenous growth; expanding variety; financial development; imperfect competition; integration; innovation (search for similar items in EconPapers)
JEL-codes: D92 E32 F12 F15 F43 G22 O11 O16 O31 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-fin and nep-ino
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Chapter: Horizontal Innovation in the Theory of Growth and Development (2005)
Working Paper: Horizontal Innovation in the Theory of Growth and Development (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:831
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