Non-Scale Models of R&D-based Growth: The Market Solution
AbstractThe market solution of a general R&D-based endogenous growth model is developed. The model is general in two respects: First, general formulations are used and restrictions are only introduced provided that these become necessary. Second, each factor of production (labour, capital and technological knowledge) is allowed to be productive in each sector (final output, capital goods and R&D). Since the resulting R&D-based growth model encompasses a large number of specific models, it can be viewed as a summary of this strand of the literature. The complete dynamic system as well as the balanced growth rates are derived. By employing numeric techniques, the gap between the decentralised and the centralised balanced growth path as well as the transitional dynamics implications are investigated.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by De Gruyter in its journal The B.E. Journal of Macroeconomics.
Volume (Year): topics.5 (2005)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.degruyter.com
Find related papers by JEL classification:
- E0 - Macroeconomics and Monetary Economics - - General
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jakub Growiec & Ingmar Schumacher, 2013.
"Technological opportunity, long-run growth, and convergence,"
Oxford Economic Papers,
Oxford University Press, vol. 65(2), pages 323-351, April.
- Jakub, GROWIEC & Ingmar, SCHUMACHER, 2007. "Technological opportunity, long-run growth and convergence," Discussion Papers (ECON - DÃ©partement des Sciences Economiques) 2007034, Université catholique de Louvain, Département des Sciences Economiques.
- GROWIEC, Jakub & SCHUMACHER, Ingmar, 2007. "Technological opportunity, long-run growth, and convergence," CORE Discussion Papers 2007057, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jakub Growiec & Ingmar Schumacher, 2012. "Technological Opportunity, Long-Run Growth, and Convergence," Working Papers hal-00753532, HAL.
- Steger, Thomas M., 2002. "Transitional dynamics in R&D-based models of endogenous growth," Wirtschaftswissenschaftliche Diskussionspapiere 04/2002, Ernst Moritz Arndt University of Greifswald, Faculty of Law and Economics.
- Chu, Angus C., 2007. "Optimal Patent Breadth: Quantifying the Effects of Increasing Patent Breadth," MPRA Paper 3910, University Library of Munich, Germany.
- Lutz G. Arnold, 2006. "The Dynamics of the Jones R&D Growth Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 143-152, January.
- Creina Day, 2006.
"Population and Endogenous Growth,"
ANU Working Papers in Economics and Econometrics
2006-475, Australian National University, College of Business and Economics, School of Economics.
- Angus Chu, 2009. "Effects of blocking patents on R&D: a quantitative DGE analysis," Journal of Economic Growth, Springer, vol. 14(1), pages 55-78, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.