Innovation, imitation, and growth with cumulative technology

• 成果类型: Article
• 署名作者: Mukoyama, T
• 署名单位: Concordia University - Canada; Universite de Montreal
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/S0304-3932(03)00005-9
• 发表日期: 2003
• 页码: 361-380
• 关键词: innovation; imitation; R&D; GROWTH; COMPETITION

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.