Scientific Breakthroughs, Innovation Clusters and Stochastic Growth Cycles

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Show simple item record Stadler, Manfred de_DE 2013-09-04 de_DE 2014-03-18T10:04:14Z 2013-09-04 de_DE 2014-03-18T10:04:14Z 2013 de_DE
dc.identifier.other 392991144 de_DE
dc.identifier.uri de_DE
dc.description.abstract We develop a dynamic stochastic general-equilibrium model of science, education and innovation to explain the simultaneous emergence of innovation clusters and stochastic growth cycles. Firms devote human-capital resources to research activities in order to invent higher quality products. The technological requirements in climbing up the quality ladders increase over time but this hampering effect is compensated for by an improving qualification of researchers allowing for a sustainable process of innovation and scale-invariant growth. Jumps in human capital, triggered by scientific breakthroughs, induce innovation clusters across industries and generate long-run growth cycles. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri de_DE
dc.rights.uri en
dc.subject.classification Wissenschaft de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Science , Education , Innovation clusters , Stochastic growth cycles en
dc.title Scientific Breakthroughs, Innovation Clusters and Stochastic Growth Cycles en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE 7019 de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 60 de_DE


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