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| Author: | Thompson, P. |
| Title: | The microeconomics of an R&D-based model of endogenous growth |
| Journal: | Journal of Economic Growth
2001 : DEC, VOL. 6:4, p. 263-283 |
| Index terms: | R&D R&D evaluation Econometric models Endogenous variables Industrial concentration |
| Language: | eng |
| Abstract: | This paper explores the microeconomic structure underlying a class of endogenous growth models in which product differentiation and stochastic quality growth coexist. Features of the model necessary for stable endogenous aggregate growth are explored, and predictions of the model are compared with microeconometric evidence on R&D intensity, firm growth, and concentration. |
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