R&D spillovers in an endogenous growth model with physical capital, human capital and varieties

Tiago Sequeira

Nova SBE Working Paper Series from Universidade Nova de Lisboa, Nova School of Business and Economics

Abstract: There is a family of models with Physical, Human capital and R&D for which convergence properties have been discussed (Arnold, 2000a; Gomez, 2005). However, spillovers in R&D have been ignored in this context. We introduce spillovers in this model and derive its steady-state and stability properties. This new feature implies that the model is characterized by a system of four differential equations. A unique Balanced Growth Path along with a two dimensional stable manifold are obtained under simple and reasonable conditions. Transition is oscillatory toward the steady-state for plausible values of parameters.

Keywords: Convergence; stability; spillovers; R&D (search for similar items in EconPapers)
JEL-codes: C62 O11 O41 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2008
New Economics Papers: this item is included in nep-dge and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: R&D SPILLOVERS IN AN ENDOGENOUS GROWTH MODEL WITH PHYSICAL CAPITAL, HUMAN CAPITAL, AND VARIETIES (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:unl:unlfep:wp532

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