Das, Satya P. - Indian Statistical Institute - 2004
This paper examines the effect of an increase in 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 based on R&D, it shows first that … diversity is condutive to growth. As the main innovation, communication gap is introduced among workers. It is then shown that …