search query: @indexterm R&D management / total: 395
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| Author: | Howitt, P. |
| Title: | Steady endogenous growth with population and R&D inputs growing. |
| Journal: | Journal of Political Economy
1999 : AUG, VOL. 107:4, p. 715-730 |
| Index terms: | R&D management Product development Population change |
| Language: | eng |
| Abstract: | The paper presents a Schumpeterian endogenous growth model in which a steady state exists with a constant growth rate even though population and the inputs to R&D are growing. The scale effect of rising population is nullfied by product proliferation that fragments the growing demand for intermediate products, thus preventing the reward to any specific innovation from rising with population. |
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