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Engines of growth: Education and innovation

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  • Stadler, Manfred

Abstract

The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous humancapital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth equilibrium education and innovation appear as in-line engines of growth and government can accelerate growth by subsidizing education or by enhancing the effectiveness of the educational sector.

Suggested Citation

  • Stadler, Manfred, 2012. "Engines of growth: Education and innovation," University of Tübingen Working Papers in Business and Economics 40, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
  • Handle: RePEc:zbw:tuewef:40
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    References listed on IDEAS

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    1. Jennifer F. Reinganum, 1985. "Innovation and Industry Evolution," The Quarterly Journal of Economics, Oxford University Press, vol. 100(1), pages 81-99.
    2. Lloyd-Ellis, Huw & Roberts, Joanne, 2002. "Twin Engines of Growth: Skills and Technology as Equal Partners in Balanced Growth," Journal of Economic Growth, Springer, vol. 7(2), pages 87-115, June.
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    14. Lutz G. Arnold, 2002. "On the Effectiveness of Growth‐Enhancing Policies in a Model of Growth Without Scale Effects," German Economic Review, Verein für Socialpolitik, vol. 3(3), pages 339-346, August.
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    Cited by:

    1. Shankar Gimire & Kul Kapri & Md Rajib-Ur Rahman, 2018. "Imitate or Innovate? FDI, Technology, and Income Levels in Middle Income Countries," Journal of Development Innovations, KarmaQuest Internatioinal, vol. 2(1), pages 1-13, May.
    2. Stadler, Manfred, 2015. "Innovation, industrial dynamics and economic growth," University of Tübingen Working Papers in Business and Economics 84, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    3. repec:kqi:journl:2018-2-1-3 is not listed on IDEAS
    4. Stadler, Manfred, 2013. "Scientific breakthroughs, innovation clusters and stochastic growth cycles," University of Tübingen Working Papers in Business and Economics 60, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.

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    More about this item

    Keywords

    education; quality and variety innovation; scale-invariant growth;
    All these keywords.

    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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