Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - In: Journal of Macroeconomics 38 (2013) PA, pp. 76-85
not only close the R&D underinvestment gap but also raise consumption per capita at all times (“intertemporal free lunch …”). We also discuss the general mechanics of such an intertemporal free lunch in both one-sector and multi-sector growth …