Transitional Dynamics In An R&D-Based Growth Model With Imitation: Comparing Its Predictions To The Data

Fidel Perez Sebastian

No 9802, Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics of the R&D-based growth model can account for growth "miracles". The additional convergence power provided by technology imitations allows the model to replicate rapid growth experiences for plausible real interest rates, and reasonable consumption and investment shares. Furthermore, our results can reconcile the big contribution of input factor accumulation to economic growth found by Young (1994, 1995a) with the importance of technology transfer.

Keywords: growth; innovation; imitation; transition dynamics. (search for similar items in EconPapers)
JEL-codes: O11 O30 O40 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Published in Journal of Monetary Economics (en prensa)

Downloads: (external link)
http://www2.unavarra.es/gesadj/depEconomia/repec/DocumentosTrab/DT9802.PDF (application/pdf)

Related works:
Journal Article: Transitional dynamics in an R&D-based growth model with imitation: Comparing its predictions to the data (2000)
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:nav:ecupna:9802

Ordering information: This working paper can be ordered from
Papers are not sent in a centralized mode. You can download them with ftp, or contact the authors.

Access Statistics for this paper

More papers in Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra Campus de Arrosadía - 31006 Pamplona (Spain).
Bibliographic data for series maintained by Javier Puértolas ().