Innovation and Growth in the Global Economy
Author: Grossman, Gene M.
ISBN: 9780262570978
Publisher: RANDOM HOUSE US
Year first published: 29 Jan 1993
Pages: 376
Format: Paperback / softback
b>Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents./b>p>Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents./p>
ISBN: 9780262570978
Publisher: RANDOM HOUSE US
Year first published: 29 Jan 1993
Pages: 376
Format: Paperback / softback
b>Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents./b>p>Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents./p>
