A carregar...
Publicação
Facts and distortions in an endogenous growth model with physical capital, human capital and varieties
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 373.23 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This article studies a model with physical and human capital accumulation and varieties. The model includes several distortions: duplication effects, spillovers, creative destruction, surplus appropriability, and an erosion effect. We show that the duplication effect in R&D is essential to make the model replicate several stylized facts linked with R&D. We evaluate the distance to the optimal solution, comparing the strength of each distortion.
Descrição
Palavras-chave
Endogenous growth models Convergence Distortions
Contexto Educativo
Citação
Sequeira, Tiago Neves (2001). "Facts and distortions in an endogenous growth model with physical capital, human capital and varieties". Portuguese Economic Journal, 11(3):171-188
Editora
Springer Verlag