Governments purchase everything from airplanes to zucchini. This paper investigates the
role of the technological content of government procurement in innovation. In a theoretical …

We argue that expectations about future energy use affect the transition from fossil to
renewables because of an interaction between innovation and resource scarcity. This article …

In this paper we argue that government spending played a significant role in stimulating the
wave of innovation that hit the US economy in the late 1970s and in the 1980s, as well as …

We provide a refoundation of the symmetric growth equilibrium characterizing the research
sector of vertical R&D-driven growth models. We argue that the usual assumptions made in …

Within an R&D-driven growth model, this paper studies how an environmental tax and its
cost both for firms and consumers affect individuals' incentives for human capital …

This paper shows that standard Schumpeterian theory does not imply that the incumbent
monopolist has too little incentive to carry out R&D aimed at displacing its own product. If the …

In this paper, we explore the relationship between inflation and unemployment in a
monetary Schumpeterian growth model. Under the cash‐in‐advance (CIA) constraint on …

This study analyzes how inflation affects innovation and international technology transfer via
cash‐in‐advance constraints on R&D. We consider a North–South quality‐ladder model that …

A negative or nonsignificant empirical correlation between aggregate R&D intensity and the
economic growth rate is a well-known fact in the empirical growth literature, but scarcely …

We study a quality‐ladder model of endogenous growth that produces stochastic leadership
cycles. Over a cycle, industry leaders can innovate several successive times in the same …