Innovation, imitation, and growth with cumulative technology

被引：72
|
作者：
Mukoyama, T
机构：
[1] Concordia Univ, Dept Econ, Montreal, PQ H3G 1M8, Canada
[2] CIREQ, Montreal, PQ H3G 1M8, Canada
来源：
JOURNAL OF MONETARY ECONOMICS | 2003年 / 50卷 / 02期
关键词：
innovation; imitation; R&D; growth; competition;
D O I：
10.1016/S0304-3932(03)00005-9
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper analyzes the interaction of innovation and imitation in the growth process. Technology is assumed to be cumulative: only leaders can conduct next-round innovation. Outsiders can become leaders by imitation. Our results show that subsidizing imitation may increase the economy-wide rate of technological progress. There are cases where competition and growth exhibit positive correlation. In these cases, promoting imitation enhances not only the static efficiency but also the dynamic performance of the economy. (C) 2003 Elsevier Science B.V. All rights reserved.
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页码：361 / 380
页数：20
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