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 Professor of Economics and International Affairs at Princeton University. Elhanan Helpman is Archie Sherman Professor of International Economic Relations at Tel Aviv University.
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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 Professor of Economics and International Affairs at Princeton University. Elhanan Helpman is Archie Sherman Professor of International Economic Relations at Tel Aviv University.
Imprint | MIT Press |
Country of origin | United States |
Series | The MIT Press |
Release date | 1993 |
Availability | Expected to ship within 10 - 15 working days |
First published | 1993 |
Authors | Gene M. Grossman, Elhanan Helpman |
Dimensions | 229 x 149 x 19mm (L x W x T) |
Format | Paperback - Trade |
Pages | 384 |
Edition | New Ed |
ISBN-13 | 978-0-262-57097-8 |
Barcode | 9780262570978 |
Categories | |
LSN | 0-262-57097-1 |