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

Innovation and Growth in the Global Economy

Elhanan Helpman, Gene M. Grossman

359 pages first pub 1991 (editions)

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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