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Saturday, July 25, 2020 | History

2 edition of Competing engines of growth found in the catalog.

Competing engines of growth

innovation and standardization

by Daron Acemoglu

  • 13 Want to read
  • 27 Currently reading

Published by Massachusetts Institute of Technology, Dept. of Economics in Cambridge, MA .
Written in English


About the Edition

We study a dynamic general equilibrium model where innovation takes the form of the introduction 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 framework highlights a number of novel results. First, standardization is both an engine of growth and a potential barrier to it. As a result, growth in an inverse U-shaped function of the standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show how optimal IPR policies affecting the cost of standardization vary with the skill-endowment, the elasticity of substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead to multiple equilibria. Finally, we study the implications of our model for the skill-premium and we illustrate novel reasons for linking North-South trade to intellectual property rights protection. Keywords: growth, technology adoption, competition policy, intellectual property rights. JEL Classifications: F43, O31, O33, O34.

Edition Notes

Statement[by] Daron Acemoglu, Gino Gancia [and] Fabrizio Zilibotti .
SeriesWorking paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 10-7, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 10-07.
ContributionsGancia, Gino A., Zilibotti, Fabrizio, Massachusetts Institute of Technology. Dept. of Economics
The Physical Object
Pagination46 p. :
Number of Pages46
ID Numbers
Open LibraryOL24646449M
OCLC/WorldCa679601838

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Competing engines of growth by Daron Acemoglu Download PDF EPUB FB2

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[Daron Acemoglu; Gino Gancia; Fabrizio Zilibotti] -- We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of.

Get this from a library. Competing engines of growth: innovation and standardization. [Daron Acemoglu; Gino A Gancia; Fabrizio Zilibotti; National Bureau of Economic Research.] -- We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers.

Innovation is followed by a costly process of. Competing engines of growth: the previously new goods are adapted to be produced using unskilled labor. 1 Free entry to standardization makes it a competing process; due to the familiar Arrow effect, standard- ation will be undertaken by newcomers, which may then displace incumbent producers.

By ifting some technologies to low-skill workers Cited by: "Competing Engines of Growth: Innovation and Standardization," NBER Working PapersNational Bureau of Economic Research, Inc. Daron Acemoglu & Gino Gancia & Fabrizio Zilibotti, "Competing Engines of Growth: Innovation and Standardization," Levine's Working Paper ArchiveDavid K.

Levine. Competing Engines of Growth: Innovation and Standardization Article in Journal of Economic Theory (2) April with 81 Reads How we measure 'reads'.

Competing Engines of Growth: Innovation and Standardization Daron Acemoglu, Gino Gancia, and Fabrizio Zilibotti NBER Working Paper No. April JEL No. F43,O31,O33,O34 ABSTRACT We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers.

First, standardization is both an engine of growth and a potential barrier to it. As a result, growth is an inverse U-shaped function of the standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization.

“Competing engines of growth: Innovation and standardization. Competing engines of growth: into standardization makes it a competing process; due to the familiar Arrow effect, standard-ization will be undertaken by newcomers, which may then displace incumbent producers.

By shifting some technologies to low-skill workers, standardization alleviates the pressure on scarce. Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact.

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Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Growth Engines: Case Studies and Analysis of Today's Fastest Growing Companies (Best Business Books Book 1/5(1). Competing Engines of Growth: Innovation and Standardization Daron Acemoglu,y Gino Gancia,zand Fabrizio Zilibottix AprilRevised August Abstract We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers.

The concept of the engines of growth is the product of Eric Ries, author of The Lean Startup. The engines are metrics that can help you figure out how to create sustainable growth based on customer use of your product or service.

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That part you can’t look up in a book. You have to keep your eyes open, look around, and try to come up with your own creative solution to real problems. The commercial aviation industry emits million metric tons of carbon dioxide each year.

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Our framework highlights a number of novel results. First, standardization is both an engine of growth and a potential barrier to it. As a result, growth in an inverse U-shaped function of the standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization.Book Value 1, Market Va, Common ShOutWhich one of the following statements is correct based on the information provided?

A) The market price is $ per share. B) The investment value is $ per share. C) The par value is $ per share. D) The book value is $ per share.The International Conference will address issues of practical relevance to the countries in the CIS region, in line with the “Strategy for Economic Development of the Commonwealth of Independent States until ”, which puts a strong emphasis on the role of innovation and knowledge as future engines of growth of the CIS economies.