Speculative profits, innovation and growth
(2016)
Journal Article
Denicolò, V., & Zanchettin, P. (2017). Speculative profits, innovation and growth. Economic Inquiry, 55(1), 160-174. https://doi.org/10.1111/ecin.12375
When technological change a¤ects the prices of tradeable assets, innovators can obtain speculative pro…ts by exploiting their inside information as to the occurrence of innovations. We propose a tractable model of endogenous growth that formalizes th... Read More about Speculative profits, innovation and growth.