Abstract. Firms of different business strategy types reveal behavioural patterns in their innovation and performance while facing various difficulties as they seek to adapt a turbulent competitive environment. Accordingly, we want make progress by using the dynamic view, which follows Schumpeterian perspective firm behaviour through (business) strategy. We advocate approach strategic influencin...

Due to the lags in commercialization, effective life of a patent is generally less than its statutory term. We introduce commercialization into Schumpeterian growth model and explore effects term extensions on pharmaceutical R&D social welfare. Our results show that extending terms stimulates consumption homogeneous goods but generates an ambiguous effect pharmaceuticals. When have inverted-U w...

Recent empirical work …nds that R&D expenditures are quite procyclical, even for …rms that are not credit-constrained during downturns. This has been taken as strong evidence against Schumpeterian-style theories of business cycles that emphasize the idea that downturns in production may be good times to allocate labor towards innovative activities. Here we argue that the procyclicality of R&D i...

To sustain growth, Canada must engage in a never-ending process of economic development and transformation. To do so, new growth theory indicates that Canada should ensure that competition policy boosts innovation, and that we should beware of further extending patent protection , while welcoming international trade and technological change.

This paper assesses the limitations of monetary and fiscal policies for establishing long-term growth trajectories and instead proposes a technology-based economic strategy targeted at long-term growth in productivity. The model expands the original Schumpeterian concept of technology as the long-term driver of economic growth where technology is characterized as a homogeneous entity developed ...

Industrial delicensing, which began in 1985 in India marked a discrete break from a past of centrally planned industrial development. Similar liberalization episodes are taking place across the globe. We develop a simple Schumpeterian growth model to understand how firms respond to the entry threat imposed by liberalization. The model emphasizes that firm responses, even within the same industr...

We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. We find a steady state in which population is constant and determined by resource scarcity while income grows exponentially. If labor and resources are substitutes in production, income and fertility dynamics are stable and the steady state is the...

In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven by entrepreneurial innovations that are themselves influenced by the institutional environment. We argue that this more micro-founded approach both, questions the old divisions between growth and development economics, and also provides the analytical tools to design successful;...