| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14250 |
| DP14250 Reconsidering the Market Size Effect in Innovation and Growth | |
| Helene Latzer; Kiminori Matsuyama | |
| 发表日期 | 2019-12-25 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | In the standard horizontal innovation model of endogenous growth, larger economies innovate more and grow faster. Due to the homotheticity of preferences, however, it does not matter whether the large market size comes from a large population or a high per capita expenditure. In this paper, we extend the standard model to allow for nonhomothetic preferences. Among others, we show that, holding the size fixed, economies with higher per capita expenditure and smaller populations innovate more and grow faster for the empirically relevant case of incomplete pass-through, strategic complementarity in pricing, and procompetitive entry. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Endogenous growth Balanced growth Horizontal innovation Nonhomothetic preferences Directly explicitly additive (dea) preferences Demand composition Incomplete pass-through Strategic complementarity in pricing Procompetitive entry Competition and growth |
| URL | https://cepr.org/publications/dp14250 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543136 |
| 推荐引用方式 GB/T 7714 | Helene Latzer,Kiminori Matsuyama. DP14250 Reconsidering the Market Size Effect in Innovation and Growth. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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