Autor(es):
Sequeira, Tiago Neves 
Data: 2007
Identificador Persistente: http://hdl.handle.net/10362/11854
Origem: Repositório Institucional da UNL
Assunto(s): Human capital; Absorption; Endogenous growth; Welfare
Detalhes do Documento
Absorption in human capital and r&d effects in an endogenous growth model
Descrição
Until now, in models of endogenous growth with physical capital, human capital and R&D such as in Arnold [Journal of Macroeconomics 20 (1998)] and followers, steady-state growth is independent of innovation activities. We introduce absorption in human capital accumulation and describe the steady-state and transition of the model. We show that this new feature provides an effect of R&D in growth, consumption and welfare. We compare the quantitative effects of R&D productivity with the quantitative effects of Human Capital productivity in wealth and welfare.
Until now, in models of endogenous growth with physical capital, human capital and R&D such as in Arnold [Journal of Macroeconomics 20 (1998)] and followers, steady-state growth is independent of innovation activities. We introduce absorption in human capital accumulation and describe the steady-state and transition of the model. We show that this new feature provides an effect of R&D in growth, consumption and welfare. We compare the quantitative effects of R&D productivity with the quantitative effects of Human Capital productivity in wealth and welfare.
Tipo de Documento
Outro
Idioma Inglês
Idioma Inglês
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