EconPapers    
Economics at your fingertips  
 

Competition and Growth in a Vintage Knowledge Model

Peter Funk ()

No 15, Working Paper Series in Economics from University of Cologne, Department of Economics

Abstract: This paper models the relationship between growth, technology-lifetime, entry, and competition in a vintage-knowledge model of endogenous growth and perfect competition. The model has a unique steady state REE equilibrium. Variations of R&D-efficiency lead to a negative relation between growth and vintage-lifetime and indicate a non-monotonic relation between growth and competition. A shift of population size and its growth rates have qualitatively different consequences here than in standard models. The extent of entry constitutes a buffer, neutralizing the effect of population size or population growth rates on per-capita income levels and growth rates.

Keywords: Endogenous Growth; Vintage-Model; Perfect Competition (search for similar items in EconPapers)
JEL-codes: D40 D90 O30 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-dge and nep-mic
Date: 2005-01-30
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://ockenfels.uni-koeln.de/fileadmin/wiso_fak/s ... _download/wp0015.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:kls:series:0015

Access Statistics for this paper

More papers in Working Paper Series in Economics from University of Cologne, Department of Economics Contact information at EDIRC.
Series data maintained by Christoph Feldhaus ().

 
Page updated 2017-11-15
Handle: RePEc:kls:series:0015