التفاصيل البيبلوغرافية
| العنوان: |
Endogenous Growth with Negative Intertemporal R&D Spillovers |
| المؤلفون: |
Hornung, Dietmar |
| المصدر: |
Working Paper Series; 2000 ; FEMM Working Paper Series; 2000 ; 2628-1724 ; 1615-4274 |
| بيانات النشر: |
Otto-von-Guericke-Universität, Fakultät für Wirtschaftswissenschaft |
| سنة النشر: |
2018 |
| المجموعة: |
Open-Access-Journals @ Otto-von-Guericke-Universität Magdeburg |
| مصطلحات موضوعية: |
endogenous growth, R&D, innovation |
| الوصف: |
Semi-endogenous growth models propose that in the absence of population growth, consumption's long-run growth rate is zero. The reason are negative intertemporal R&D spillovers, motivated by the exhaustion of technological opportunities. In the present paper, we complement this exhaustion effect of R&D by a positive productivity effect: a higher level of technical knowledge increases the profits that accrue to succesful innovators. Thus, even in the long run, R&D investment is profitable, and consumption's growth rate remains positive. Our model reinstates the essential result of endogenous growth theory according to which policy may affect the long-run growth rate. Furthermore, our model holds excessive growth as a possibility. |
| نوع الوثيقة: |
article in journal/newspaper |
| اللغة: |
English |
| Relation: |
https://journals.ub.ovgu.de/index.php/FEMM-WPS/article/view/493/484; https://journals.ub.ovgu.de/index.php/FEMM-WPS/article/view/493 |
| الاتاحة: |
https://journals.ub.ovgu.de/index.php/FEMM-WPS/article/view/493 |
| Rights: |
Copyright (c) 2000 Working Paper Series |
| رقم الانضمام: |
edsbas.A93CFB1 |
| قاعدة البيانات: |
BASE |