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Empirical Patterns of Firm Growth and R&D Investment: a Quality Ladder Model Interpretation

  • Klette, T.J.
  • Griliches, Z.

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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File URL: https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/1998/Memo-22-1998.pdf
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Paper provided by Oslo University, Department of Economics in its series Memorandum with number 23/1998.

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Length: 27 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:hhs:osloec:1998_023
Contact details of provider: Postal:
Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway

Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
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