| A Model of Innovation Under Uncertainty, Technological Transfer, Population, and Economic Growth | |
| Wang Yong | |
| 2012-04-24 ; 2012-04-24 | |
| 关键词 | nnovation Technological Transfer Population Economic Growth |
| 中文摘要 | This paper improves upon Krugman’s model (1979) by assuming horizontal innovation obeys a simple discrete-time Galton-Waston branching process. Vertical innovation is also treated simultaneously. We conclude that (1) There should be sufficient horizontal innovative intensity in order to avoid the necessary dooming result of complete variety expansion halt; but vertical innovation can boost the growth of the expected real GDP per capita more effectively than horizontal innovation;(2) Everyone’s aggregate consumption amount of both new and old products and the trade volume are approximately fixed in both innovating and imitating countries, but innovation has different impact in different countries;(3) The long-run economic growth is determined in a larger degree by the difference of population growth rates between the innovating developed country and the imitating less developed country than by the innovation rate. |
| 语种 | 英语 |
| 内容类型 | 期刊论文 |
| 源URL | [http://ir.calis.edu.cn/hdl/211010/3900]  |
| 专题 | 北京大学 |
| 推荐引用方式 GB/T 7714 | Wang Yong. A Model of Innovation Under Uncertainty, Technological Transfer, Population, and Economic Growth[J],2012, 2012. |
| APA | Wang Yong.(2012).A Model of Innovation Under Uncertainty, Technological Transfer, Population, and Economic Growth.. |
| MLA | Wang Yong."A Model of Innovation Under Uncertainty, Technological Transfer, Population, and Economic Growth".(2012). |
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