Funk, Peter - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2005
This paper models the relationship between growth, technology-lifetime, entry, and competition in a vintage …-knowledge model of endogenous growth and perfect competition. The model has a unique steady state REE equilibrium. Variations of R …&D-efficiency lead to a negative relation between growth and vintage-lifetime and indicate a non-monotonic relation between growth and …