Innovation and Growth in the Global Economy

Gene M. Grossman, Elhanan Helpman (Harvard University)

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English

MIT Press
29 January 1993

Economic theory & philosophy; Labour economics; Technology: general issues

Series: The MIT Press

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.

By: Gene M. Grossman, Elhanan Helpman (Harvard University)
Imprint: MIT Press
Country of Publication: United States
Edition: New edition
Dimensions: Height: 229mm, Width: 149mm, Spine: 19mm
Weight: 567g
ISBN: 9780262570978
ISBN 10: 0262570971
Series: The MIT Press
Pages: 384
Publication Date: 29 January 1993
Recommended Age: From 18
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

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 University, and a Fellow at the Canadian Institute for Advanced Research.