We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

deterministic model, R&D in time surely leads to an innovation in time In this setting, we show that relative to the balanced growth … innovation and a higher growth rate. Next, in the stochastic model, R&D in time probabilistically leads to an innovation in time … increases the average growth rate and the average unemployment. Creative Destruction ; Dynamic ; Entrepreneur ; Innovation …

existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …

existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …

lower limit of the support of the random variable that describes the outcome of innovation quality improvements, takes the … little innovation, and we conclude by commenting on the implications of our findings for future research on Schumpeterian …