O'Reilly logo

Innovation, Entrepreneurship, and the Economy in the US, China, and India by Harini Mittal, Zhijie Gao, Rajiv Shah

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 18

Impact on the Economy

Abstract

We begin Part III, Impact on the Economy, with this chapter. Having discussed innovation and entrepreneurship at great length in the previous chapters, we now turn our attention to the impact on the economy, more specifically on economic growth. We provide a brief review of a previous work that models the impact of technology and innovation on economic growth, starting with the pioneering work of Solow and bringing it to the present state of the art in accounting for innovation in economic growth models. Entrepreneurship, of course, is a very challenging topic to model.

Keywords

Acemoglu

Aghion and Howitt

Brian Arthur

Cobb-Douglas

Kenneth Arrow

Robert Barrom

Robert Solow

United States, China, and ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required