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R&D, Learning, and Phases of Economic Growth

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  • Sorensen, Anders

Abstract

The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is below a threshold level, the model predicts that skills are accumulated as the only growth-generating activity, whereas both innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level of human capital reaches the threshold level because it becomes profitable to innovate. Copyright 1999 by Kluwer Academic Publishers

Suggested Citation

  • Sorensen, Anders, 1999. "R&D, Learning, and Phases of Economic Growth," Journal of Economic Growth, Springer, vol. 4(4), pages 429-445, December.
    • Handle: RePEc:kap:jecgro:v:4:y:1999:i:4:p:429-45
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    References listed on IDEAS

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    Cited by:

    1. Tiago Neves Sequeira, 2008. "Transitional Dynamics Of An Endogenous Growth Model With An Erosion Effect," Manchester School, University of Manchester, vol. 76(4), pages 436-452, July.
    2. Vilalta-Bufi, Montserrat, 2010. "On the industry experience premium and labor mobility," Labour Economics, Elsevier, vol. 17(3), pages 547-555, June.
    3. Y. Tsur & A. Zemel, 2007. "On the Dynamics of Knowledge-Based Economic Growth," Journal of Optimization Theory and Applications, Springer, vol. 135(1), pages 101-115, October.
    4. Galor, Oded & Moav, Omer, 2001. "Evolution and growth," European Economic Review, Elsevier, vol. 45(4-6), pages 718-729, May.
    5. Kogel, Tomas & Prskawetz, Alexia, 2001. "Agricultural Productivity Growth and Escape from the Malthusian Trap," Journal of Economic Growth, Springer, vol. 6(4), pages 337-357, December.
    6. Hernan Jaramillo Salazar & Carlos Pombo & Juan Miguel Gallego, 2002. "Incentivos fiscales en ciencia, tecnolog√≠a e innovaci√≥n: una revisi√≥n y an√°lisis de la experiencia internacional," Borradores de Investigación 2828, Universidad del Rosario.

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