The level of R&D spending in the variety-based endogenous growth model

Jérôme Glachant ()
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Jérôme Glachant: EPEE - Centre d'Etudes des Politiques Economiques - UEVE - Université d'Évry-Val-d'Essonne

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Abstract: We show that equilibrium endogenous growth may be excessive in the variety-based endogenous growth model à la Romer (1990). This result is obtained by relaxing the assumption on the constant elasticity of the demand function for intermediate goods. © 2001 University of Venice.

Keywords: Growth; Innovation; Patents; Research and development (search for similar items in EconPapers)
Date: 2001-09
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Published in Research in Economics, 2001, 55 (3), pp.291--303. ⟨10.1006/reec.2000.0256⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02878017

DOI: 10.1006/reec.2000.0256

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