Innovation and Growth in the Global Economy
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Book Overview
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...
Format:Paperback
Language:English
ISBN:0262570971
ISBN13:9780262570978
Release Date:January 1993
Publisher:MIT Press
Length:376 Pages
Weight:1.30 lbs.
Dimensions:0.8" x 5.9" x 8.9"
Age Range:18 years and up
Grade Range:Postsecondary and higher
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