Paper #831

Títol:

Horizontal innovation in the theory of growth and development

Autors:

Gino Gancia i Fabrizio Zilibotti

Data:

Gener 2005

Resum:

We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” model, labor-for-intermediates” and “directed technical change”. We review applications of the expanding variety framework to the analysis of international technology diffusion, trade, cross-country productivity differences, financial development and fluctuations. In many such applications, a key role is played by complementarities in the process of innovation.

Paraules clau:

appropriate technology, complementarity, cycles, convergence, directed technical change, endogenous growth, expanding variety, financial development,imperfect competition, integration, innovation

Codis JEL:

D92, E32, F12, F15, F43, G22, O11, O16, O31, O33

Àrea de Recerca:

Macroeconomia i Economia Internacional

Publicat a:

Handbook of Economic Growth, Philippe Aghion and Steve Durlauf editors, 2005

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