Horizontal Innovations with Endogenous Quality Choice
Horizontal Innovations
Bibliographic Data
| ID | 9727994 |
|---|---|
| Authors | GERHARD SORGER (0000-0003-4070-526X, University of Vienna, corresponding author) |
| Year | 2011 |
| Volume | 78 |
| Issue | 312 |
| Pages | 697-722 |
| Publication date | 2011-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2010.00852.x |
| OpenAlex | W1519521166 |
| Language | EN |
| References cited | 25 |
We consider a growth model with horizontal innovations but assume that researchers can determine the quality of their product designs. The effort necessary to create a new product design increases with its quality so that there is a trade-off between the quantity and quality of innovations. We study the implications of this trade-off for the relative contributions of quality improvement and variety expansion to productivity growth. Due to the quality/quantity trade-off of R&D, the resolution of the scale effects problem does not result in the policy invariance of the growth rate
Economics · Endogenous growth theory · Industrial organization · Macroeconomics · Microeconomics · Product (mathematics) · Productivity · Quality (philosophy) · Scale (ratio) · Statistics · Variety (cybernetics) · Economic Growth and Productivity · Economic theories and models · Firm Innovation and Growth · Mathematics
Innovation and growth in the global economy
Quality Ladders in the Theory of Growth
A Model of Growth Through Creative Destruction
Growth without Scale Effects
R & D-Based Models of Economic Growth
Endogenous Technological Change
Learning by Doing and the Introduction of New Goods
Endogenous vs. Semi‐endogenous Growth in a Two‐R&D‐Sector Model
Too Little or Too Much
| Highly cited | No |
|---|