G. Cozzi
R&D cooperation, innovation, and growth
Cozzi, G.; Tarola, O.
Authors
O. Tarola
Abstract
This paper presents a standard endogenous growth framework in which the source of growth is represented by vertical innovations. The crucial assumption we introduce is that there is a positive information gap concerning the discovery of innovation. The aim of reducing the information-dissemination lag provides incentives for firms to decide to merge their research efforts. Also, we find that the skilled - unskilled wage gap is strongly related to this phenomenon. We prove that changing antitrust attitudes toward efficiency-motivated mergers in contestable industries may simultaneously explain observed changes in the industry structure, qualitative innovation, wage inequality, and labor-supply composition.
Citation
Cozzi, G., & Tarola, O. (2006). R&D cooperation, innovation, and growth. Journal of Institutional and Theoretical Economics, 162(4), 683-701. https://doi.org/10.1628/093245606779252670
Journal Article Type | Article |
---|---|
Publication Date | Dec 1, 2006 |
Deposit Date | Feb 17, 2010 |
Journal | Journal of Institutional and Theoretical Economics |
Print ISSN | 0932-4569 |
Publisher | Mohr Siebeck |
Peer Reviewed | Peer Reviewed |
Volume | 162 |
Issue | 4 |
Pages | 683-701 |
DOI | https://doi.org/10.1628/093245606779252670 |
Public URL | https://durham-repository.worktribe.com/output/1522107 |
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