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A Non-linear Dynamic Model of Spatial Economic Development and R&D Policy

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  • Nijkamp, P
  • Poot, H J
  • Rouwendal, J

Abstract

This paper addresses the issue of economic development from the perspective of productivity increases generated by technological progress emerging from R&D expenditures. The long-run evolutionary path of spatial systems (countries, regions, cities etc.) is analyzed by means of a multi-regional dynamic (discrete-time) model incorporating the spatial transfer of technological change. While a positive feedback exists between R&D and economic growth, the production of new technology itself exhibits decreasing returns. Moreover, capacity constraints also limit growth. The stability conditions associated with R&D and innovation diffusion are extensively studied. It will be demonstrated that the system concerned can generate a wide range of dynamic behavior, including chaotic evolutions of the May-type. Simulations illustrate this. For example, economic fluctuations can be amplified through innovation diffusion.

Suggested Citation

  • Nijkamp, P & Poot, H J & Rouwendal, J, 1991. "A Non-linear Dynamic Model of Spatial Economic Development and R&D Policy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 25(4), pages 287-302.
  • Handle: RePEc:spr:anresc:v:25:y:1991:i:4:p:287-302
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    Cited by:

    1. Luis A. Aguirre & Antonio Aguirre, 1997. "A tutorial introduction to nonlinear dynamics in economics," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 7(2), pages 9-47.

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