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Innovation and Growth in the Global Economy

paperback – January 29, 1993
by Helpman, Elhanan
$38.90 USD
$38.90 USD
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ISBN-13: 9780262570978 ISBN-10: 0262570971
Publisher
MIT Press
Binding
paperback
Published
January 29, 1993
Weight
1.3 lbs
Dimensions
23.50×15.90×1.90 cm

About this book

Innovation and Growth in the Global Economy by Helpman, Elhanan. paperback edition. ISBN: 9780262570978.

Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents.