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Title: |
Horizontal Innovation, Market Power and Growth |
| Author: |
Bucci, Alberto |
| Author
Affiliation: |
Catholic U
Louvain and U Milan |
| Source: |
International Economic Journal, Spring 2003, v. 17, no. 1, pp. 57-82 |
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Publication Date: |
Spring 2003 |
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Abstract: |
I build a
generalised model of horizontal product innovation and economic growth
taking explicitly into account the most relevant insights stemming from
the recent literature on this topic. What results from the analysis is
that, when innovation is both deterministic and horizontal, the
relationship between market power and aggregate growth is not robust at
all. It is also found that not only technology, but also the inter-sectoral
competition for the same resource affects growth. This is particularly
relevant in terms of public policies aimed at the strategic allocation
of skilled workers to the different sectors of the economy. |
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