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Crecimiento endógeno: conocimiento y patentes

Author

Listed:
  • Oscar A. Benavides G.

    (Escuela Colombiana de Ingeniería)

  • Clemente Forero P.

    (Universidad del Rosario)

Abstract

This document develops an endogenous growth model in which it is possible to obtain a positive long run growth rate by combining investment in human capital and the endogenous advance of technological knowledge. The model shows the complementary characteristics of the two kinds of knowledge and implies the abandonment of the competitive equilibrium model because of the non-rival nature of technological knowledge. The model also shows the presence of multiple equilibria and the requirement of a central planner for some of them.

Suggested Citation

  • Oscar A. Benavides G. & Clemente Forero P., 2002. "Crecimiento endógeno: conocimiento y patentes," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(6), pages 109-131, January-J.
    • Handle: RePEc:rei:ecoins:v:4:y:2002:i:6:p:109-131
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/obenavides6.pdf
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    References listed on IDEAS

    as
    1. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 323-350, National Bureau of Economic Research, Inc.
    2. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    5. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    6. Romer, Paul M, 1990. "Are Nonconvexities Important for Understanding Growth?," American Economic Review, American Economic Association, vol. 80(2), pages 97-103, May.
    7. Caballe, Jordi & Santos, Manuel S, 1993. "On Endogenous Growth with Physical and Human Capital," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 1042-1067, December.
    8. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
    9. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    10. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 369-405.
    11. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    12. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Ricardo Alonso Tejedor Estupinán & José Mauricio Gil León & Joan Miguel Tejedor Estupiñán, 2017. "Derechos de propiedad intelectual (DPI) y crecimiento económico: una revisión," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 26(1), pages 225-243, December.
    2. Johnatan Castelblanco Gómez & Jorge Robledo Velásquez, 2014. "Relación entre el PIB y algunos indicadores de Ciencia y Tecnología: Colombia vs. Corea del Sur," Escenarios: Empresas y Territorio, Institución Universitaria ESUMER, January.

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    More about this item

    Keywords

    endogenous growth; human capital; technological knowledge; competence; multiple equilibrium;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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