haku: @journal_id 7 / yhteensä: 1856
viite: 257 / 1856
| Tekijä: | Segerstorm, P. |
| Otsikko: | Endogenous growth without scale effects |
| Lehti: | American Economic Review
1998 : DEC, VOL. 88:5, p. 1290-1310 |
| Asiasana: | ECONOMICS GROWTH SCALING |
| Kieli: | eng |
| Tiivistelmä: | This paper presents a simple R&D-driven endogenous growth model to shed light on some puzzling economic trends. The model can account for why patent statistics have been roughly constant even though R&D employment has risen sharply over the last 30 years. The model also illuminates why steadily increasing R&D effort has not led to any upward trend in economic growth rates, as is predicted by earlier R&D-driven endogenous growth models with the "scale effect" property. |
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