Competition, Innovation, and Inclusive Growth

Growth and innovation Strategies In Global Competition

This paper develops a model of firm dynamics in global competition and experimentally analyzes multinational growth strategies and optimal coordination of innovative activities. It shows that growth and innovation strategies of operatively engaged headquarters (business or corporate) with a geocentric focus dominate alternative concepts, like ethnocentric, financial or flexible headquarters. Th...

Competition, Innovation and Growth with Limited Commitment∗

We study how limited enforcement of contracts and barriers to business start-up affect the investment in knowledge capital and the adoption of new technologies. We show that barriers to business startup (limited competition) is the most important obstacle to growth. Limited enforceability of contracts is detrimental to growth only if there are barriers to business start-up. Our results are cons...

Competition, Imitation and Growth with Step-by-Step Innovation

Is more intense product market competition and imitation good or bad for growth? This question is addressed in the context of an endogenous growth model with “step-by-step” innovations, in which technological laggards must first catch up with the leading-edge technology before battling for technological leadership in the future. In contrast to earlier Schumpeterian models in which innovations a...

Innovation, Growth and Competition: Evolving Complexity or Complex Evolution

Competition and Innovation

Which kind of intellectual property regime is more favorable to innovation: one that enforces patents or one that does not? Economic theory is unable to answer this question, as valid arguments can be made both for and against patents; hence we must turn to empirical evidence. In this paper, we review empirical evidence gathered by other researchers and add new evidence of our own. We conclude ...