Investment, R&D, and Long-Run Growth
In the 1990s, growth theory has incorporated imperfect competition in its investigations. This innovation has proven to be seminal: Cleviating from growth models with perfect competition, the new framework featured forward looking entrepreneurs. Firms maximize profits intertemporarily, i. e. their...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
2002, 2002
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| Edition: | 1st ed. 2002 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I An Outline of Related Research
- 1 Literature on R&D-Based Growth
- 2 Evidence that Suggests a Broader View
- II Product Differentiation due to R&D
- 3 Expanding Product Variety
- 4 Improving Product Quality
- III Product Differentiation due to Investment
- 5 The Ramsey Model with Imperfect Competition
- 6 A Generalized AK Model
- 7 Learning-by-Doing and the Decline in the Relative Price of Capital
- IV R&D Revisited
- 8 R&D’s Exhaustion Effect
- 9 Quality Ladders and Excessive Growth
- 10 Growth without Scale Effects
- V Two-Stage Input Differentiation
- 11 R&D and Physical Capital
- 12 Skilled Workers: Schooling and Specialization
- Concluding Remarks
- Appendices
- A A Suggestive Procedure to Eliminate Scale Effects
- B Stability of the Steady-State Equilibrium in the Ramsey Model with Imperfect Competition
- C Stability of the Steady-State Equilibrium in the Models with Two-Stage Input Differentiation
- References