Showing 1 - 10 of 1,115
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …
Persistent link: https://www.econbiz.de/10011753129
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …
Persistent link: https://www.econbiz.de/10003459422
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast … costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady …-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification …
Persistent link: https://www.econbiz.de/10014051784
The neoclassical growth model assumes fixed labor supply and competitive labor markets. Is it harmless to ignore … monopsonistic power in the neoclassical growth model? The paper argues that it is not, especially if a growth model needs to be … consistent with the long-run dynamics of the labor share. This paper solves a minimalist growth model with monopsonistic power at …
Persistent link: https://www.econbiz.de/10015078172
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … efficiency imposed by thermodynamic laws. In this paper, I develop a growth model that explicitly accounts for endogenous … trigger a full transformation toward green growth. …
Persistent link: https://www.econbiz.de/10012257316
. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the … endogenous emergence of industry clusters. Spatial variations in knowledge spillovers lead to spatial concentration of more …
Persistent link: https://www.econbiz.de/10011810111
There is growing interest in multi-sector models that combine aggregate balanced growth, consistent with the well … intensive in the input that becomes more abundant. As a result, growth rates of sectoral capital-labor ratios can differ and, if …
Persistent link: https://www.econbiz.de/10011482690
Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … growth rate is. The paper tackles the apparent following paradox. Knowledge diffusion seems to lead to scale effects; however … a scale-invariant fully endogenous growth model is to assume no inter-sectoral knowledge diffusion. However, this …
Persistent link: https://www.econbiz.de/10011515411
Schumpeterian growth model by introducing explicitly knowledge diffusion over a Salop (1979) circle: a continuum of sectors … growth rate is. The paper tackles the apparent following paradox. Knowledge diffusion seems to lead to scale effects; however … a scale-invariant fully endogenous growth model is to assume no inter-sectoral knowledge diffusion. However, this …
Persistent link: https://www.econbiz.de/10012984503
present model could generate aggregate balanced growth with non-balanced sectoral growth, in which case structural change … generate aggregate balanced growth with balanced sectoral growth, but under the circumstances structural change could take …. Finally, we also show that the occurrence or the absence of structural change and endogenous non-balanced sectoral growth has …
Persistent link: https://www.econbiz.de/10014199863