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| Tekijä: | Houser, C. |
| Otsikko: | The role of diminishing returns in neo-Schumpetrian growth theory |
| Lehti: | Economic Theory
1998 : VOL. 12:2, p. 335-348 |
| Asiasana: | R&D ROLES GROWTH THEORY |
| Kieli: | eng |
| Tiivistelmä: | This paper generalises Segerstrom, a dynamic general equilibrium model of endogenous growth through quality improvements in which innovation and imitation are modeled as the outcomes of research and development (R&D) races. Specific factors introduced into the technologies of both R&D activities achieve diminishing returns to scale in R&D. The comparative-static results of subsidies to R&D activities achieve diminishing returns to scale in R&D. |
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