THE EFFECTS OF THE TRANSPORTATION COSTS IN R&D TECHNOLOGY SECTOR ON THE ENDOGENOUS GRWOTH

Youngwan Goo ()
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Youngwan Goo: Department of Economics, Chungbuk National University

Journal of Economic Development, 2011, vol. 36, issue 1, 21-34

Abstract: The paper centers on investigating theoretically how the transportation costs of R&D technology, none of the transportation costs in final goods and intermediate inputs, affect the long-run endogenous economic growth. The basic ideas adopted in this paper are different from well-known models in the sense that the prices of R&D technology are influenced by the transportation cost in R&D technology sector and the accumulated profit of the intermediate inputs over time is equal to the price of R&D technology, and thus the transportation costs indirectly influence the endogenous growth. That is, the larger are only the transportation costs of R&D technology, the higher is the price of R&D technology and the slower is endogenous economic growth.

Keywords: Transportation Costs; R&D Technology; Endogenous Growth (search for similar items in EconPapers)
JEL-codes: D42 D50 L12 O12 O31 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:36:y:2011:i:1:p:21-34

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