Schneider, Maik T. - CER-ETH Center of Economic Research, Department of … - 2007
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …