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Endogenous vs. Semi-endogenous Growth in a Two-R&D-Sector Model

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  • Li, Chol-Won

Abstract

This paper contributes to the endogenous versus semi-endogenous growth debate by establishing that semi-endogenous growth is more general than endogenous growth in a two-R&D-sector growth model. It is demonstrated that endogenous growth requires two "knife-edge" conditions of parameters. This finding (i) is in sharp contrast to recent two-R&D-sector models that show that long-run growth is endogenous, and (ii) resurrects the policy conclusion of semi-endogenous growth that government policy is not effective in raising the underlying growth rate of an economy. The driving force of these results is knowledge spillovers between two R&D activities, which are largely neglected in existing studies.

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Bibliographic Info

Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 110 (2000)
Issue (Month): 462 (March)
Pages: C109-22

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Handle: RePEc:ecj:econjl:v:110:y:2000:i:462:p:c109-22

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Cited by:
  1. Charles I. Jones, 1999. "Growth: With or Without Scale Effects?," American Economic Review, American Economic Association, vol. 89(2), pages 139-144, May.
  2. Paul Levine & Emanuela Lotti & Joseph Pearlman, 2003. "The Immigration Surplus Revisited in a General Equilibrium Model with Endogenous Growth," School of Economics Discussion Papers 0203, School of Economics, University of Surrey.
  3. Charles I. Jones, 2004. "Growth and Ideas," NBER Working Papers 10767, National Bureau of Economic Research, Inc.
  4. Michael Funke & Ralf Ruhwedel, 2005. "Export variety and economic growth in East European transition economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(1), pages 25-50, 01.
  5. 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.
  6. Chu, Angus C. & Lai, Ching-Chong, 2009. "Defense R&D: Effects on Economic Growth and Social Welfare," MPRA Paper 16325, University Library of Munich, Germany.
  7. Holger Strulik, 2005. "The Role of Human Capital and Population Growth in R&D-based Models of Economic Growth," Review of International Economics, Wiley Blackwell, vol. 13(1), pages 129-145, 02.
  8. Christian Groth, 2004. "Innovation and growth: What have we learnt from the robustness debate?," Discussion Papers 04-29, University of Copenhagen. Department of Economics, revised Nov 2004.

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