framework and a test on innovation data from several European cities. This framework is mainly built on the product life …

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 …

We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the …