Innovate to Lead or Innovate to Prevail : When do Monopolistic Rents Induce Growth? /

This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically ad- vanced the leader is, the harder it is for a fol...

Description complète

Détails bibliographiques
Auteur principal: Piazza, Roberto
Autres auteurs: Zheng, Yu
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2019.
Collection:IMF Working Papers; Working Paper ; No. 2019/294
Accès en ligne:Full text available on IMF