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Empirical Patters of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation

  • Tor Jakob Klette
  • Zvi Griliches

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the discrete choice models of product differentiation.

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Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 1795.

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Date of creation: 1997
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Handle: RePEc:fth:harver:1795
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