R&D Spillovers in an Endogenous Growth Model with Physical Capital, Human Capital and Varieties

FEUNL Working Paper Series, No 532

21 Pages Posted: 11 Nov 2008

See all articles by Tiago Neves Sequeira

Tiago Neves Sequeira

University of the Interior of Beira - Faculty of Social Sciences and Humanities; Nova School of Business and Economics

Date Written: August 2008

Abstract

There is a family of models with Physical, Human capital and R&D for which convergence properties have been discussed (Arnold, 2000a; Gomez, 2005). However, spillovers in R&D have been ignored in this context. We introduce spillovers in this model and derive its steady-state and stability properties. This new feature implies that the model is characterized by a system of four differential equations. A unique Balanced Growth Path along with a two dimensional stable manifold are obtained under simple and reasonable conditions. Transition is oscillatory toward the steady-state for plausible values of parameters.

Suggested Citation

Neves Sequeira, Tiago, R&D Spillovers in an Endogenous Growth Model with Physical Capital, Human Capital and Varieties (August 2008). FEUNL Working Paper Series, No 532, Available at SSRN: https://ssrn.com/abstract=1299032 or http://dx.doi.org/10.2139/ssrn.1299032

Tiago Neves Sequeira (Contact Author)

University of the Interior of Beira - Faculty of Social Sciences and Humanities ( email )

6200-209 Covilha
Portugal

Nova School of Business and Economics ( email )

Campus de Carcavelos
Rua da Holanda, 1
Carcavelos, 2775-405
Portugal

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