Data di Pubblicazione:
2003
Citazione:
R&D, Imperfect Competition and Growth with Human Capital Accumulation / A. Bucci. - In: SCOTTISH JOURNAL OF POLITICAL ECONOMY. - ISSN 0036-9292. - 50:4(2003), pp. 417-439.
Abstract:
This paper studies the long-run consequences of imperfect competition on growth
and the sectoral distribution of skills within an R&D-based growth model with
human capital accumulation. We find that steady-state growth is driven only by
incentives to accumulate skills. In the model imperfect competition has a positive
growth effect, while influencing the allocation of human capital to the different
economic activities employing this factor input. Contrary to general wisdom, the
share of resources invested in R&D turns out not to be monotonically increasing in
the product market power and its correlation with the equilibrium output growth
rate is not unambiguous.
Tipologia IRIS:
01 - Articolo su periodico
Elenco autori:
A. Bucci
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