Innovation by Heterogeneous Leaders

We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, and thus have different profit flows. We show that leaders with larger quality leads make smaller...

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Veröffentlicht in:	The Scandinavian journal of economics 2019-10, Vol.121 (4), p.1673-1704
Hauptverfasser:	Iwaisako, Tatsuro, Ohki, Kazuyoshi
Format:	Artikel
Sprache:	eng
Schlagworte:	Growth models Heterogeneous leaders Innovations R&D R&D subsidies Research & development Schumpeterian growth
Online-Zugang:	Volltext
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