Competing Engines of Growth: Innovation and Standardization
We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our framew...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Elsevier ScienceDirect
2011
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| Online Access: | http://hdl.handle.net/1721.1/61359 https://orcid.org/0000-0003-0908-7491 |