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Innovation and Growth in the Global Economy by Gene M. Grossman 9780262570978
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Innovation and Growth in the Global Economy by Gene M. Grossman 9780262570978

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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. 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.

Book Information
ISBN 9780262570978
Author Gene M. Grossman
Format Paperback
Page Count 384
Imprint MIT Press
Publisher MIT Press Ltd
Weight(grams) 567g

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