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Spillovers and the competitive pressure for long-run innovation

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This paper addresses the steady state of an endogenous growth model of RandD, in duopolistic product markets. It endogenously determines the steady-state values for the rate of innovation and the technological gap between the duopolists (which determines the distribution of market shares). The model emphasizes the role of technological spillovers in sustaining economic growth, by reducing the innovation cost of laggards and thus, imposing competitive pressure on the leader.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp2003/2003-22.pdf

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Copyright INSEAD. All rights reserved