Abstract
Innovation, efficiency and productivity are intertwined concepts that reflect different aspects of production and growth. While these concepts are closely related, distinct literatures have developed around each of these topics. My purpose in this paper is to study these concepts in a model with endogenous innovation causing technical and allocative inefficiency but resulting in productivity growth.
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Schworm, W. (2007). Measuring Inefficiency with Endogenous Innovation. In: Färe, R., Grosskopf, S., Primont, D. (eds) Aggregation, Efficiency, and Measurement. Studies in Productivity and Efficiency. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-47677-3_8
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DOI: https://doi.org/10.1007/978-0-387-47677-3_8
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-36948-8
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