Too much R & D:vertical differentiation in a model of monopolistic competition
| Autor: | Kranich, Jan |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2007 |
| Předmět: |
L13
R&D Economics Produktdifferenzierung Interindustrielle Verflechtung Forschungs- und Technologiepolitik Industrielle Forschung Monopolistischer Wettbewerb jel:D43 L16 Innovationswettbewerb jel:F12 Wohlfahrtseffekt jel:L16 SECS-P/01 jel:L13 R&D Monopolisitc Competition Product Differentiation ddc:330 Monopolistic Competition EU-Staaten Product Differentiation F12 Theorie D43 |
| Zdroj: | Kranich, J 2007 ' Too much R & D : vertical differentiation in a model of monopolistic competition ' Working paper series in economics, no. 59, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg . Kranich, J 2007 ' Too much R & D : vertical differentiation in a model of monopolistic competition ' Working paper series in economics, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg . |
| Popis: | This paper argues that the "scale effects" prediction of many recent R & D-based models of growth is inconsistent with the time-series evidence from industrialized economies. A modified version of the Romer model that is consistent with this evidence is proposed, but the extended model alters a key implication usually found in endogenous growth theory. Although growth in the extended model is generated endogenously through R & D, the long-run growth rate depends only on parameters that are usually taken to be exogenous, including the rate of population growth. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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