Growth and Competition in a Model of Human Capital Accumulation and Research
AbstractThe aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition. We find that the steady-state output growth rate depends on the parameters describing preferences, human capital accumulation technology and R&D activity. We also show that the relationship between competition and growth is inverse U shaped. This result that seems to be in line this empirical results (Aghion and Gri±th (2005)) is explained by the resource allocation effect.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 10913.
Date of creation: 06 Oct 2008
Date of revision:
Endogenous growth; Horizontal differentiation; Technological change; Imperfect competition; Human capital;
Other versions of this item:
- Dominique Bianco, 2009. "Growth And Competition In A Model Of Human Capital Accumulation And Research," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(3(9)_Fall).
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-10-13 (All new papers)
- NEP-COM-2008-10-13 (Industrial Competition)
- NEP-CSE-2008-10-13 (Economics of Strategic Management)
- NEP-DGE-2008-10-13 (Dynamic General Equilibrium)
- NEP-EDU-2008-10-13 (Education)
- NEP-HRM-2008-10-13 (Human Capital & Human Resource Management)
- NEP-KNM-2008-10-13 (Knowledge Management & Knowledge Economy)
- NEP-MIC-2008-10-13 (Microeconomics)
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