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This paper overviews the main interactions between product market competition and long run growth.We focus on the first generation of R&D-based growth models and keep distinguished the vertical from the horizontal differentiation approaches. Our main objective is to study why these two branches...
Persistent link: https://www.econbiz.de/10005007269
This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&Dbased growth model with human capital accumulation and imperfect competition. Using an aggregateR&D technology displaying constant returns to scale in human capital, I find that steady-state...
Persistent link: https://www.econbiz.de/10005007270
We build an expanding product variety endogenous growth model where both human capital and ideas are complements. One peculiarity of the economy under analysis is that in the sectors where both kinds of capital are accumulated no spillover effect does exist. Many insights arise from the model....
Persistent link: https://www.econbiz.de/10005102220
In this paper, we build a general model of horizontal product innovation and economic development, taking explicitely into account the most relevant insights stemming from the recent literature on this topic. What results from our analysis is that, when innovation is both deterministic and...
Persistent link: https://www.econbiz.de/10005030023
This paper overviews the main interactions between product market competition and long-run growth. We start with the first generation of R&D-based growth models and keep distinct the vertical from the horizontal differentiation approaches. Our main objective here is to study why these two...
Persistent link: https://www.econbiz.de/10005612330
Empirical evidence has recently pointed to the lack of any relationship between R&D intensity (variously defined and measured) and economic growth in the post-war period in the United States and other OECD countries. Using a framework that integrates human capital accumulation and purposive...
Persistent link: https://www.econbiz.de/10005650483
This paper takes a new look at the long-run implications of resource abundance. It develops a Schumpeterian model of endogenous growth that incorporates an upstream resource-intensive sector and yields an analytical solution for the transition path. It then derives conditions under which, as the...
Persistent link: https://www.econbiz.de/10010582673
The growth literature on the Industrial Revolution has produced novel insights that have changed the way economists think about the issue. Most of the available models, however, focus on the household and do not put industrial activity at the center of the analysis. Consequently, they leave out...
Persistent link: https://www.econbiz.de/10011124107
This paper shows that the results of Bucci (2003) depend criti- cally on the assumption that there are no difference between the intermediate goods share in final output, the returns of specialization and the degree of market power of monopolistic competitors. In this paper, we disentangle the...
Persistent link: https://www.econbiz.de/10005623251
relationship between increasing knowledge intensity and the resulting market concentration: if the European Union economy is … gradually shifting to a pattern of sectoral specialisation that features a bias on knowledge intensive sectors, then this may …-agenda. Following a review of the available theoretical and empirical literature on the relationship between knowledge intensity and …
Persistent link: https://www.econbiz.de/10003747836