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The Role of Sequential Innovations and R&D Workers in Limiting Scale Effects

Author

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  • Andreas Panagopoulos

    (Department of Economy, University of Bristol, UK. contact email: a.panagopoulos@bristol.ac.uk)

Abstract

This paper extends the endogenous growth model of Aghion and Howitt to include technology as being generated by R&D workers and past research. As the model displays, an addition as such minimizes scale effects. In fact, even though the number of research workers still affects the growth rate of the economy, the amplitude of this effect is logarithmic.

Suggested Citation

  • Andreas Panagopoulos, 2005. "The Role of Sequential Innovations and R&D Workers in Limiting Scale Effects," Journal of Interdisciplinary Economics, , vol. 16(2), pages 207-216, January.
    • Handle: RePEc:sae:jinter:v:16:y:2005:i:2:p:207-216
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    Citations

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    Cited by:

    1. Andreas Panagopoulos, 2004. "Patent Protection As A Stimulant for Risky Innovation. Could TRIPS be Counterproductive?," Bristol Economics Discussion Papers 04/566, School of Economics, University of Bristol, UK.

    More about this item

    Keywords

    Innovation; Arrival of Innovations; Endogenous Growth; Scale Effects. JEL No: 040; E10;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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