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Innovation and growth in the global economy

Опубликовано на портале: 24-10-2003
Cambridge, Mass: MIT Press, 1993, 375 с.
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.

More than two centuries after Adam Smith linked the extent the market to the wealth of nations, Gene Grossman and Elhanan Helpman have developed the kind of coherent theoretical framework that previous discussions of trade, growth, development, and innovation have lacked. Any economist who wants to work on these timeless (and timely) issues should study this book.


  1. Growth and Technology
      1.1. Facts about Growth
      1.2. The Contribution of Industrial Innovation
      1.3. Technology as an Economic Commodity
      1.4. Method and Organization of the Book
  2. Traditional Growth Theory
      2.1. Solow
      2.2. Optimal Savings
      2.3. Learning by Doing
      2.4. Basic Research
  3. Expanding Product Variety
      3.1. Brand Proliferation
      3.2. Public Knowledge Capital
      3.3. Industrial Policies
      3.4. Welfare
  4. Rising Product Quality
      4.1. The Basic Model
      4.2. Endogenous Quality Increments
      4.3. Welfare
  5. Factor Accumulation
      5.1. Physical Capital
      5.2. Human Capital
      5.3. Country Size and Resource Composition
  6. Small Open Economy
      6.1. A Model with Nontraded Intermediates
      6.2. Trade and Growth
      6.3. Trade and Welfare
      6.4. International Capital Flows
      6.5. International Knowledge Flows
  7. Dynamic Comparative Advantage
      7.1. International Brand Proliferation
      7.2. International Quality Competition
      7.3. Multinational Corporations
      7.4. Patent Licensing
  8. Hysteresis
      8.1. A Benchmark Economy Steady States
      8.2. Equal-Wage Trajectories
      8.3. Unequal-Wage Trajectories
      8.4. R&D Subsidies
  9. Trade and Growth
      9.1. Diffusion of Knowledge
      9.2. Trade between Similar Countries
      9.3. Trade with Uneven Innovation
      9.4. Trade between Dissimilar Countries
  10. International Transmission of Policies
      10.1. Quality Upgrading: A Graphical Treatment
      10.2. R&D Subsidies
      10.3. Production Subsidies
      10.4. Trade Policies
  11. Imitation
      11.1. A Model of Imitation
      11.2. Steady-State Equilibrium
      11.3. Determinants of Innovation and Imitation
      11.4. Determinants of Relative Wages
  12. Product Cycles
      12.1. Imitation with Rising Product Quality
      12.2. Steady-State Equilibrium
      12.3. Efficient Followers
      12.4. Inefficient Followers
  13. Lessons about Growth