We develop a model of Schumpeterian growth featuring stochastic diffusion process where the rate commercial success product innovations is endogenously determined by advertising intensity. consider both informative advertising, which young technological leaders use to increase probability diffusion, and defensive incumbents prevent competing products. Economic depends positively on arrival into...

The aim of the study is to investigate influence capitalist spirit in conjunction with distribution income on economic growth. represented by fact that savings rates increase increasing relative income. We extend an endogenous AK growth model overlapping generational framework implementing imperfect competition and Cournot competition. Using this model, we profits intra- inter-generational dist...