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

Innovation and Growth in the Global Economy

byGene M. Grossman, Elhanan Helpman

Paperback | January 29, 1993

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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.

Gene M. Grossman is Jacob Viner Professor of International Economics and Director of the International Economics Section at Princeton University.Elhanan Helpman is Professor of Economics at Harvard University, the Archie Sherman Chair Professor of International Economic Relations in the Eitan Berglas School of Economics at Tel-Aviv ...
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Title:Innovation and Growth in the Global EconomyFormat:PaperbackDimensions:384 pages, 9 × 5.88 × 0.75 inPublished:January 29, 1993Publisher:The MIT Press

The following ISBNs are associated with this title:

ISBN - 10:0262570971

ISBN - 13:9780262570978

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A pathbreaking contribution by two of the smartest economists at the frontier of trade theory today.