Showing 1 - 10 of 1,540
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
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
We construct a two-sector growth model to show that sector biased technical change is the only fundamental driving … force of perpetual structural change and non-balanced sectoral growth. The direction of sector biased technical change …
Persistent link: https://www.econbiz.de/10013084080
We construct a two-sector semi-endogenous growth model to investigate the mechanism of sector biased technical change … and identify the fundamental driving force of structural change. We find that the balanced sectoral growth will be …
Persistent link: https://www.econbiz.de/10013086733
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
This paper constructs a model of non-balanced economic growth. The main economic force is the combination of … models, non-balanced growth is shown to be consistent with an asymptotic equilibrium with constant interest rate and capital … consistent with US data. In particular, the model generates more rapid growth of employment in less capital-intensive sectors …
Persistent link: https://www.econbiz.de/10014056429
questioning the view that R&D (and formal knowledge in general) equates innovation and innovation equates regional growth. We …In this paper, we aim at re-assessing the undisputed positive relationship between innovation and economic growth by … several knowledge and innovation indicators, ranging from R&D expenditures, patent data, to newly released data on different …
Persistent link: https://www.econbiz.de/10011521603
Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge …, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this … of knowledge related questions in terms of applicability and alternative approaches has led to the fragmentation of …
Persistent link: https://www.econbiz.de/10011708069
research on the relationship between defense spending and economic growth. In this respect, Dunne, Smith and Willenbockel (2005 …. First, we develop the true growth-defense model, based on Dunne, Smith and Willenbockel (2005). Second, we overcome the … general weakness of constant and identical technological progress assumption in empirical growth studies by employing …
Persistent link: https://www.econbiz.de/10009492389
growth model can be a potential source of local indeterminacy. He also shows that on a high-growth path, the government, by … directly engaging in R&D activities and using R&D subsidies, may not enhance economic growth. On a low-growth path, the … government, by directly engaging in R&D activities and using R&D subsidies, may enhance economic growth. -- government R …
Persistent link: https://www.econbiz.de/10009704933