Data/hora: 06/06/2024 05:33:48

Provedor de dados: 	31	
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