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A regional model of endogenous growth with creative destruction

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dc.contributor.author Bond-Smith, Steven Craig
dc.date.accessioned 2012-10-09T03:17:11Z
dc.date.available 2012-10-09T03:17:11Z
dc.date.issued 2012-04
dc.identifier.citation Bond-Smith, S. (2012). A regional model of endogenous growth with creative destruction. (Department of Economics Working Paper Series, Number 02/12). Hamilton, New Zealand: University of Waikato. en_NZ
dc.identifier.uri http://hdl.handle.net/10289/6698
dc.description.abstract We consider a two region growth model with vertical innovations where technical externalities in R&D lead to a technology leading region being the most attractive location for innovative firms. Innovations are produced in the form of quality improvements building on available knowledge and firms choose a technologically advanced location to maximise the productivity of R&D and maintain their niche monopoly. The partial nature of spillovers causes an additional force for agglomeration: the clustering effect. Agglomerated locations have the benefit of local inter-varietal knowledge spillovers for growth while peripheral locations depend on trade and regional knowledge spillovers. en_NZ
dc.format.mimetype application/pdf
dc.language.iso en
dc.publisher University of Waikato en_NZ
dc.relation.ispartofseries Department of Economics Working Paper Series
dc.rights ©2012 The Authors en_NZ
dc.subject endogenous growth en_NZ
dc.subject new economic geography en_NZ
dc.subject innovation en_NZ
dc.subject knowledge spillovers en_NZ
dc.subject agglomeration en_NZ
dc.subject quality ladders en_NZ
dc.subject creative destruction en_NZ
dc.title A regional model of endogenous growth with creative destruction en_NZ
dc.type Working Paper en_NZ
uow.relation.series 02/12


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