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- W4245073923 abstract "Economic integration is examined in a multi-economy Schumpeterian growth model where economies differ in their research environment, and consequently in the productivity of R&D. It is shown that economies with more or less the same productivity of R&D integrate. In equilibrium, there can be many common markets with different growth rates as well as stagnating economies with decreasing relative income. A small economy with low incentives to save can avoid stagnation, if its R&D is so productive that a common market with a positive growth rate can accept it as a member." @default.
- W4245073923 created "2022-05-12" @default.
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- W4245073923 date "2006-01-11" @default.
- W4245073923 modified "2023-09-28" @default.
- W4245073923 title "Common Markets, Economic Growth, and Creative Destruction" @default.
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- W4245073923 doi "https://doi.org/10.1007/3-211-26650-x_3" @default.
- W4245073923 hasPublicationYear "2006" @default.
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