Endogenous growth theory emphasises the role of knowledge accumulation, innovation and human capital in driving long-run economic expansion. Unlike exogenous models, it treats technological progress ...
Endogenous growth models posit that policy instruments, human capital accumulation and innovation processes are internal drivers of economic expansion. By incorporating fiscal variables directly into ...
We incorporate incumbent innovation in a Keynesian growth framework to generate an endogenous distribution of market power across firms. Existing firms increase markups over time through successful ...
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