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| Author: | Benassy, J-P. |
| Title: | Is there always too little research in endogenous growth with expanding product variety ? |
| Journal: | European Economic Review
1998 : JAN, VOL. 42:1, p. 61-69 |
| Index terms: | GROWTH RESEARCH MODELS PRODUCT VARIETY |
| Language: | eng |
| Abstract: | It is generally believed that models of endogenous growth with expanding product variety typically yield a too low level of research. It is shown in the article that this result is due to the implicit choice of a particular value for a crucial parameter. Once this parameter is set free, one finds that too much research can occur as well. |
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