We extend the basic Schumpeterian endogenous growth model by allowing incumbents to undertake innovations to improve their products, while entrants engage in more “radical” innovations to replace incumbents. Our model provides a tractable framework for the analysis of growth driven by both entry of new firms and productivity improvements by continuing firms. The model generates a non-degenerate...

We study the effects of reforms in the legal scope of patent rights (PRs) on the international pattern of sectoral exports, before and after implementation of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement at the World Trade Organization (WTO), in a generalized factor-proportions framework. We find that, conditional on factor endowments and intensities, a country wi...

During the late 1990s the market value of businesses grew at 15% per year. It is hard to reconcile such fast growth with the observed rates of investment in physical capital and R&D. We therefore propose a model in which new ideas are privately owned, but discovering them does not require resources. In our model it is possible that market value rises very rapidly without drastic changes in fact...

In this paper, we review the literature on declining business dynamism and its implications in United States propose a unifying theory to analyze symptoms potential causes of decline. We first highlight 10 pronounced stylized facts related documented discuss some existing attempts explain them. then describe theoretical framework endogenous markups, innovation, competition that can potentially ...

Abstract Firms rely on brand names to market goods consumers, and consumers locate that satisfy their preferences. If multiple firms are using the same or similar names, may be confused about which product buy, not obtain benefits of investments in quality. Recently, both scholars a number industries have expressed concern name congestion—too many clustering around too few terms. This paper app...

This study examines technology in mediating human capital, customer and organizational capital on SMEs' performance during Covid-19. To test the hypothesis, PLS-SEM method was applied. Data collection conducted by sharing questionnaiers to 150 owners of small industrial cluster East Java, Indonesia.The empirical results show that usage directly affect significantly performance. Furthermore, has...

ABSTRACT Designing around patents is prevalent but not often appreciated as a means by which promote economic development through competition. We provide novel empirical study of the extent and timing designing patent claims. filing rate incandescent lamp-related during 1878–1898 find that enforcement Edison’s lamp in 1891–1894 stimulated surge patenting. studied specific design features lamps ...