Publicação
Growth and firm dynamics with horizontal and vertical R&D
| dc.contributor.author | Gil, Pedro Mazeda | |
| dc.contributor.author | Brito, Paulo | |
| dc.contributor.author | Afonso, Oscar | |
| dc.date.accessioned | 2024-03-18T11:51:31Z | |
| dc.date.available | 2024-03-18T11:51:31Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | A negative or nonsignificant empirical correlation between aggregate R&D intensity and the economic growth rate is a well-known fact in the empirical growth literature, but scarcely addressed in the theoretical growth literature. This paper develops an endogenous-growth model that explores the interrelation between horizontal and vertical R&D under a lab-equipment specification that is consistent with that stylized fact. A key feature is that the growth rate is fully endogenous both on the intensive and on the extensive margin. Strong composition effects between horizontal and vertical R&D, along both transition and the balanced-growth path, then emerge as the main mechanism producing those results. This setting also allows us to obtain a relationship between economic growth and firm dynamics that is consistent with the empirical facts. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Gil, Pedro Mazeda; Paulo Brito and Oscar Afonso .(2013). “Growth and firm dynamics with horizontal and vertical R&D”. Macroeconomic Dynamics, Volume 17, No. 7: pp. 1438–1466. (Search PDF in 2024). | pt_PT |
| dc.identifier.doi | doi:10.1017/S1365100512000181 | pt_PT |
| dc.identifier.issn | 1365 - 1005 | |
| dc.identifier.uri | http://hdl.handle.net/10400.5/30430 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Cambridge University Press | pt_PT |
| dc.subject | Endogenous Growth | pt_PT |
| dc.subject | Vertical and Horizontal R&D | pt_PT |
| dc.subject | Firm Dynamics | pt_PT |
| dc.subject | Piecewise Smooth Dynamics | pt_PT |
| dc.title | Growth and firm dynamics with horizontal and vertical R&D | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |