Facts and distortions in an endogenous growth model with physical capital, human capital and varieties

被引：2
|
作者：
Sequeira, Tiago Neves [1 ,2 ]
机构：
[1] U Beira Interior, Dep Gestao & Econ, Covilha, Portugal
[2] U Beira Interior, CEFAGE UBI, Covilha, Portugal
来源：
PORTUGUESE ECONOMIC JOURNAL | 2012年 / 11卷 / 03期
关键词：
Endogenous growth models; Convergence; Distortions; RESEARCH-AND-DEVELOPMENT; DRIVEN GROWTH; TOO; ECONOMICS;
D O I：
10.1007/s10258-012-0083-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article studies a model with physical and human capital accumulation and varieties. The model includes several distortions: duplication effects, spillovers, creative destruction, surplus appropriability, and an erosion effect. We show that the duplication effect in R&D is essential to make the model replicate several stylized facts linked with R&D. We evaluate the distance to the optimal solution, comparing the strength of each distortion.
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页码：171 / 188
页数：18
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