R&D-expenditure in an endogenous growth model

被引：23

作者：

Freire-Serén, MJ ^{[1
]}

机构：

[1] Univ Vigo, Fac Econ, Vigo 36200, Spain

来源：

JOURNAL OF ECONOMICS | 2001年 / 74卷 / 01期

关键词：

R&D-expenditure; endogenous growth; fiscal policy; cross-country evidence; technological change;

D O I：

10.1007/BF01231215

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aim of this paper is to analyze the role that aggregate R&D-expenditure plays in economic growth. We introduce a technology of innovation based on expenditure that generates endogenous sustainable growth in absence of any scale effect. This R&D-model permits us to study the effects of some fiscal policies. In particular, we analyze how subsidies to R&D-investment and physical capital accumulation affect the long-run growth rate. For the empirical cross-country analysis we directly derive a structural econometric model.

引用

页码：39 / 62

页数：24

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