Growth and Competition in a Model of Human Capital Accumulation and Research

Dominique Bianco ()

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition. We find that the steady-state output growth rate depends on the parameters describing preferences, human capital accumulation technology and R&D activity. We also show that the relationship between competition and growth is inverse U shaped. This result that seems to be in line this empirical results (Aghion and Gri±th (2005)) is explained by the resource allocation effect.

Keywords: Endogenous growth; Horizontal differentiation; Technological change; Imperfect competition; Human capital (search for similar items in EconPapers)
JEL-codes: L16 O41 J24 O31 D43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-cse, nep-dge, nep-edu, nep-hrm, nep-knm and nep-mic
Date: 2008-10-06
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:10913

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