Data/hora: 12/06/2024 09:17:12

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | ENDOGENOUS RECOMBINANT GROWTH
Autores: | Tsur,   Yacov; Zemel,   Amos.
Data: | 2008-02-29
Ano: | 2006
Palavras-chave: | Knowledge generation; Combined ideas; Endogenous R&amp;D; Balanced growth; Research Methods/ Statistical Methods; C61; O31; O41.
Resumo: | We extend Weitzman's (1998) recombinant growth framework to include endogenous R&amp;D decisions. The analysis is carried out in the (knowledge-capital) state space by means of two characteristic curves: one is identified as a turnpike along which growing economies evolve; the other attracts stagnating economies. Sustained growth depends on a condition relating the slopes of the characteristic curves as well as on a minimal endowment requirement. A growing economy reaches the turnpike at a most rapid R&amp;D rate and evolves along it thereafter. In the long run, the rate of growth and the income shares devoted to R&amp;D, saving and consumption approach constant values that depend on the asymptotic characteristic slopes.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

27324

http://purl.umn.edu/7135

Relação:

Hebrew University of Jerusalem&gt;Department of Agricultural Economics and Management&gt;Discussion Papers

Discussion Paper

No. 2.06

Formato: | 32