Policy implications of endogenous growth models: A Note

Joerg Lingens ()
Additional contact information
Joerg Lingens: University of Regensburg

Economics Bulletin, 2005, vol. 15, issue 13, 1-7

Abstract: In this note we analyse the effect of an increase in the amount of resources devoted to research within a general R&D growth model. We show that the initial effect of this increase is independent of whether the spill-over in R&D is linear or not. Even after two decades along a transitional growth path the direction as well as the magnitude of this effect on the rate of growth is very similar. Thus, linear spill-over models could be interpreted as a proxy for the transitional behaviour of non-linear spill-over models. If we consider transitional dynamics to be relevant, linear spill-over models could be reasonable descriptions of real world growth processes.

JEL-codes: O3 (search for similar items in EconPapers)
Date: 2005-03-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2005/Volume15/EB-05O30003A.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-05o30003

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().