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About this product
Product Identifiers
PublisherMIT Press
ISBN-100262071363
ISBN-139780262071369
eBay Product ID (ePID)1956906
Product Key Features
Book TitleInnovation and Growth in the Global Economy
Number of Pages376 Pages
LanguageEnglish
TopicInternational / Economics, Economic History, Development / Economic Development
Publication Year1991
IllustratorYes
GenreBusiness & Economics
AuthorElhanan Helpman, Gene M. Grossman
FormatHardcover
Dimensions
Item Weight25.8 Oz
Item Length6.4 in
Item Width9.3 in
Additional Product Features
Intended AudienceTrade
LCCN91-015795
Dewey Edition20
Dewey Decimal338.9
SynopsisTraditional 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 an approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward looking, profit-seeking agents. They also devote attention to the place of international trade in the growth process, including the transmission of innovations from the industrial economies to the IDCs.