Combining Semi-Endogenous and Fully Endogenous Growth: a Generalization

Guido Cozzi

MPRA Paper from University Library of Munich, Germany

Abstract: This paper shows that combining the semi-endogenous and the fully endogenous growth mechanisms with a general CES aggregator, either growth process can prevail in the balanced growth path depending on their degree of complementarity/substitutability. Policy-induced long-run economic switches to the fully endogenous steady state as the R&D employment ratio surpasses a positive threshold are possible if the two growth engines are gross substitutes.

Keywords: Strong scale effect; Semi-endogenous growth; Fully endogenous growth. (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-gro and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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https://mpra.ub.uni-muenchen.de/77815/1/MPRA_paper_77815.pdf original version (application/pdf)

Related works:
Journal Article: Combining semi-endogenous and fully endogenous growth: A generalization (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:77815

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