Is There a Penalty to being a Pioneer

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Is There a Penalty to being a Pioneer

Author Info

Redding, S.

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Stephen James Redding

Abstract

This paper is concerned with the validity of historical claims that there may be a "penelty" of being a pionee. The analysis applies Aghion and Howitt's (1994) distinction between fundamental end secondary knowledge to investigate the existence of a "penalty" of being pioneer with general equilibrium model of endogenous growth.

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Publisher Info
Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 109.

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Length: 37 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:nuf:econwp:109

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Web page: http://www.nuff.ox.ac.uk/economics/

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Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Gavin Cameron, 2000. "The Sun Also Rises: Productivity Convergence Between Japan and the USA," Economics Series Working Papers 045, University of Oxford, Department of Economics. [Downloadable!]
Other versions:
- Gavin Cameron, 2005. "The Sun Also Rises: Productivity Convergence Between Japan and the USA," Journal of Economic Growth, Springer, vol. 10(4), pages 387-408, December. [Downloadable!] (restricted)
Pranab Bardhan & Rodrigo Priale, 1996. "Endogenous Growth Theory in a Vintage Capital Model," Center for International and Development Economics Research, Working Paper Series 1040, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
Other versions:
- Pranab Bardhan and Rodrigo Priale., 1996. "Endogenous Growth Theory in a Vintage Capital Model," Center for International and Development Economics Research (CIDER) Working Papers C96-069, University of California at Berkeley.

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