The Role of Sequential Innovations and R&D Workers in Limiting Scale Effects

Andreas Panagopoulos ()

Journal of Interdisciplinary Economics, 2005, vol. 16, issue 2, 207-216

Abstract: This paper extends the endogenous growth model of Aghion and Howitt to include technology as being generated by R&D workers and past research. As the model displays, an addition as such minimizes scale effects. In fact, even though the number of research workers still affects the growth rate of the economy, the amplitude of this effect is logarithmic.

Keywords: Innovation; Arrival of Innovations; Endogenous Growth; Scale Effects. JEL No: 040; E10 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:16:y:2005:i:2:p:207-216

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