Innovation and Growth in the Global Economy (M I T Press Readings in Economics) Book + PRICE WATCH * Amazon pricing is not included in price watch

Innovation and Growth in the Global Economy (M I T Press Readings in Economics) Book

"A pathbreaking contribution by two of the smartest economists at the frontier of trade theory today." -- Jagdish Bhagwati, Columbia University Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. Gene M. Grossman is Professor of Economics and International Affairs at Princeton University. Elhanan Helpman is Archie Sherman Professor of International Economic Relations at Tel Aviv University.Read More

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  • 0262570971
  • 9780262570978
  • G M Grossman
  • 10 March 1993
  • MIT Press
  • Paperback (Book)
  • 375
  • New edition
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