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Business & Investing Books > International Business Books
Paperback Innovation and Growth in the Global Economy Book
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ISBN: 0262570971

ISBN13: 9780262570978

Innovation and Growth in the Global Economy

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Format: Paperback

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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...

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Business Business & Finance Business & Investing Economics International Popular Economics Science & Math Technology

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