Facts and distortions in an endogenous growth model with physical capital, human capital and varieties

Tiago Sequeira

Portuguese Economic Journal, 2012, vol. 11, issue 3, 188 pages

Abstract: This article studies a model with physical and human capital accumulation and varieties. The model includes several distortions: duplication effects, spillovers, creative destruction, surplus appropriability, and an erosion effect. We show that the duplication effect in R&D is essential to make the model replicate several stylized facts linked with R&D. We evaluate the distance to the optimal solution, comparing the strength of each distortion. Copyright Springer-Verlag 2012

Keywords: Endogenous growth models; Convergence; Distortions; O11; O15; O31; O33; O41 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10258-012-0083-6

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