Innovation and Growth in the Global Economy by Gene M. Grossman, Elhanan Helpman

Innovation and Growth in the Global Economy

Gene M. Grossman, Elhanan Helpman

359 pages paperback 1991

1 edition

nonfiction economics informative medium-paced
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Traditional growth theory emphasizes the incentives for capital accumulation ratherthan technological progress. Innovation is treated as an exogenous process or a by-product ofinvestment in machinery and equipment. Grossman and Helpman develop a u...

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