The Effects Of The Transportation Costs In R&D Technology Sector On The Endogenous Grwoth
AbstractThe paper centers on investigating theoretically how the transportation costs of R&D technology, none of the transportation costs in final goods and intermediate inputs, affect the long-run endogenous economic growth. The basic ideas adopted in this paper are different from well-known models in the sense that the prices of R&D technology are influenced by the transportation cost in R&D technology sector and the accumulated profit of the intermediate inputs over time is equal to the price of R&D technology, and thus the transportation costs indirectly influence the endogenous growth. That is, the larger are only the transportation costs of R&D technology, the higher is the price of R&D technology and the slower is endogenous economic growth.
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Bibliographic InfoArticle provided by Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 36 (2011)
Issue (Month): 1 (March)
Transportation Costs; R&D Technology; Endogenous Growth;
Find related papers by JEL classification:
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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