Transitional dynamics in an R&D-based growth model with imitation: Comparing its predictions to the data
AbstractEmploying cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics of the R&D-based growth model can account for growth "miracles". The additional convergence power provided by technology imitations allows the model to replicate rapid growth experiences for plausible real interest rates, and reasonable consumption and investment shares. Furthermore, our results can reconcile the big contribution of input factor accumulation to economic growth found by Young (1994, 1995a) with the importance of technology transfer.
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 Elsevier in its journal Journal of Monetary Economics.
Volume (Year): 45 (2000)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/505566
Other versions of this item:
- Fidel Perez Sebastian, 1998. "Transitional Dynamics In An R&D-Based Growth Model With Imitation: Comparing Its Predictions To The Data," Documentos de Trabajo - Lan Gaiak Departamento de EconomÃa - Universidad PÃºblica de Navarra 9802, Departamento de Economía - Universidad Pública de Navarra.
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Chris Papageorgiou, .
"Imitation in a Non-Scale R&D Growth Model,"
Departmental Working Papers
2002-11, Department of Economics, Louisiana State University.
- Fidel Perez-Sebastian, 2012.
"Understanding R&D Policy: Efficiency or Politics?,"
Review of Economics and Institutions,
Università di Perugia, vol. 3(3).
- Finn Martensen, 2013. "Globalization, Unemployment, and Product Cycles: Short- and Long-Run Effects," Working Paper Series of the Department of Economics, University of Konstanz 2013-16, Department of Economics, University of Konstanz.
- Chris Papageorgiou & Fidel Pérez Sebastián, 2002.
"Matching Up The Data On Education With Economic Growth Models,"
Working Papers. Serie AD
2002-23, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Papageorgiou Chris & Pérez-Sebastián Fidel, 2005. "Matching Up the Data on Education with Economic Growth Models," The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-22, April.
- Eskander Alvi & Debasri Mukherjee & Ashraf Eid, 2007. "Do Patent Protection and Technology Transfer Facilitate R&D in Developed and Emerging Countries? A Semiparametric Study," Atlantic Economic Journal, International Atlantic Economic Society, vol. 35(2), pages 217-231, June.
- Fidel Pérez Sebastián, 2001. "Growth And Public Support To Innovation And Imitation," Working Papers. Serie AD 2001-31, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Chris Papageorgiou & Fidel Pérez Sebastián, 2001.
"Can Transition Dynamics Explain The International Output Data?,"
Working Papers. Serie AD
2001-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Papageorgiou, Chris & Perez-Sebastian, Fidel, 2004. "Can Transition Dynamics Explain The International Output Data?," Macroeconomic Dynamics, Cambridge University Press, vol. 8(04), pages 466-492, September.
- Chris Papageorgiou & Fidel Perez-Sebastian, . "Can Transition Dynamics Explain the International Output Data?," Departmental Working Papers 2003-13, Department of Economics, Louisiana State University.
- Borsi, Mihály Tamás & Metiu, Norbert, 2013. "The evolution of economic convergence in the European Union," Discussion Papers 28/2013, Deutsche Bundesbank, Research Centre.
- Chris Papageorgiou & Fidel Pérez Sebastián, 2005.
"Is The Speed Of Convergence A Good Proxy For The Transitional Growth Path?,"
Working Papers. Serie AD
2005-33, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Chris Papageorgiou & Fidel Perez-Sebastian, . "Is the Speed of Convergence a Good Proxy for the Transitional Growth Path?," Departmental Working Papers 2005-10, Department of Economics, Louisiana State University.
- Chris Papageorgiou & Fidel Perez-Sebastian, . "Human Capital and Convergence in a Non-Scale R&D Growth Model," Departmental Working Papers 2002-10, Department of Economics, Louisiana State University.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
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.