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Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
Claremont Colleges Working Papers in Economics No. 2000-61
Verlag: 
Claremont McKenna College, Department of Economics, Claremont, CA
Zusammenfassung: 
In high-tech industries, one important method of diffusion is through employee mobility: many of the entering firms are started by employees from incumbent firms using some of their former employers' technological know-how. This paper explores the effect of incorporating this mechanism in a general industry framework by allowing employees to imitate their employers' know-how. The equilibrium is Pareto optimal since the employees 'pay' for the possibility of learning their employers' know-how. The model's implications are consistent with data from the rigid disk drive industry. These implications concern the effects of know-how on firm formation and survival.
Schlagwörter: 
socio-political instability
endogenous growth
public investment
political economy of growth
JEL: 
P16
E62
O40
Dokumentart: 
Working Paper

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