The Level of R&D Spending in the Variety-Based Endogenous Growth Model

Jérôme Glachant ()
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Jérôme Glachant: CREST-Laboratoire de Macroéconomie et EPEE, Université d'Evry

No 98-03, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: We show that equilibrium endogenous growth may be excessive in the variety-based endogenous growth model à la Romer (1990). This result is obtained by relaxing the assumption on the constant elasticity of the demand function for intermediate goods.

Keywords: growth; research and development; innovation; patents (search for similar items in EconPapers)
JEL-codes: O33 O41 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:eve:wpaper:98-03

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