The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Quality Ladders in the Theory of Growth
Open accessAbstract
We develop a model of repeated product improvements in a continuum of sectors. Each product follows a stochastic progression up a quality ladder. Progress is not uniform across sectors, so an equilibrium distribution of qualities evolves over time. But the rate of aggregate growth is constant. The growth rate responds to profit incentives in the R&D sector. We explore the welfare properties of our model. Then we relate our approach to an alternative one that views product innovation as a process of generating an ever-expanding range of horizontally differentiated products. Finally, we apply the model to issues of resource accumulation and international trade.
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Citations
Cites
Endogenous Technological Change
Romer, P. M. (1990) · Journal of Political Economy · doi:10.1086/261725 · Cited by 17,711
“A Model of Growth: Through Creative Destruction”
Aghion, P., & Howitt, P. (1992) · Econometrica · doi:10.2307/2951599 · Cited by 7,529
Cited by
Finance and Growth: Schumpeter Might Be Right
King, R. G., & Levine, R. (1993) · The Quarterly Journal of Economics · doi:10.2307/2118406 · Cited by 8,657
“A Model of Growth: Through Creative Destruction”
Aghion, P., & Howitt, P. (1992) · Econometrica · doi:10.2307/2951599 · Cited by 7,529
Finance, entrepreneurship and growth
King, R. G., & Levine, R. (1993) · Journal of Monetary Economics · doi:10.1016/0304-3932(93)90028-e · Cited by 3,550
The building blocks of economic complexity
Hidalgo, C. A., & Hausmann, R. (2009) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.0900943106 · Cited by 3,372
Acemoglu, D., & Restrepo, P. (2018) · American Economic Review · doi:10.1257/aer.20160696 · Cited by 3,121
Metadata
- Authors
- Grossman, G. M., & Helpman, E.
- Venue
- The Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-01
- Volume
- 58
- Issue
- 1
- Pages
- 43
- ISSN
- 0034-6527 (ISSN-L)
- OpenAlex
- W2057675067
- Cited by
- 2,552
- References
- 2
- FWCI
- 35.56
- Type
- journal article
- Language
- en
- Open access
- green
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