Silvia Galli
Title
Dr.
Last Name
Galli
First name
Silvia
Email
silvia.galli@unisg.ch
Phone
+41 71 224 3086
3 results
Now showing 1 - 3 of 3
- Some of the metrics are blocked by yourconsent settings
Item type:Publication, Counting Innovations: Schumpeterian Growth in Discrete Time(2019-11); Schumpeterian growth theory based on creative destruction was originally designed for continuous time innovation and growth models. However its recently expanding use in DSGE modelling calls for an easily usable discrete time recast. We here show how to construct a discrete time version of creative destruction fully equivalent to its continuous time counterpart.Type:working paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Medium Frequencies in Non-Frontier Economies(2018-11); ; Most countries in the world are not at the technological frontier, yet their economies grow and fluctuate. In this paper we set up a model of endogenous growth with business cycle fluctuations usable to analyze the medium frequency fluctuations in non-frontier countries. The growth mechanism is a Schumpeterian creative destruction framework, which is embedded into a real business cycle dynamic stochastic general equilibrium model, with standard and non-standard features. We allow for multinational firms entering the economy and challenging existing incumbents, and study the tension between their direct positive productivity contribution and their indirect negative contribution through the expected obsolescence of domestic innovators. We calibrate the model and show, via simulations, the potential value added from our prototype model.Type:working paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Stories from the Frontier(2015); Should basic research be publicly or privately funded? This paper studies the impact of the shift in the U.S. patent system towards the patentability and commercialization of the basic R&D undertaken by universities during the early 1980s. We interpret this change as rendering universities responsive to "market" forces. Prior to 1980, universities undertook research using an exogenous stock of researchers motivated by "curiosity." After 1980, universities patent their research and behave as private firms. This move, in a context of two-stage inventions (basic and applied research) has an a priori ambiguous effect on innovation and welfare. We build a Schumpeterian model and match it to the data to assess this important turning point from an innovation as well from a welfare-enhancing perspective.Type:working paper