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The Level of R&D Spending in the Variety-Based Endogenous Growth Model

Author

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  • Jérôme Glachant

    (CREST-Laboratoire de Macroéconomie et EPEE, Université d'Evry)

Abstract

We show that equilibrium endogenous growth may be excessive in the variety-based endogenous growth model à la Romer (1990). This result is obtained by relaxing the assumption on the constant elasticity of the demand function for intermediate goods.

Suggested Citation

  • Jérôme Glachant, 1998. "The Level of R&D Spending in the Variety-Based Endogenous Growth Model," Documents de recherche 98-03, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    • Handle: RePEc:eve:wpaper:98-03
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    References listed on IDEAS

    as
    1. Benassy, Jean-Pascal, 1998. "Is there always too little research in endogenous growth with expanding product variety?," European Economic Review, Elsevier, vol. 42(1), pages 61-69, January.
    2. Charles I. Jones & John C. Williams, 1998. "Measuring the Social Return to R&D," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(4), pages 1119-1135.
    3. G Cameron, 1996. "Innovation and Economic Growth," CEP Discussion Papers dp0277, Centre for Economic Performance, LSE.
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    More about this item

    Keywords

    growth; research and development; innovation; patents;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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