Das, Satya P - In: Topics in Macroeconomics 5 (2005) 1
Abstract This paper examines the effect of vertical diversity in workers' skill on the long-run growth rate of an …&D sector is submodular. By adopting Grossman and Maggi's (2000) model to a framework of growth, it shows first that diversity … that if vertical diversity is sufficiently high relative to the communication gap, the growth rate may not increase with …