Publication
A Growth Model with Qualities, Varieties, and Human Capital: Stability and Transitional Dynamics
| dc.contributor.author | Gomes, Orlando | |
| dc.date.accessioned | 2017-04-04T10:08:49Z | |
| dc.date.available | 2017-04-04T10:08:49Z | |
| dc.date.issued | 2014 | |
| dc.description.abstract | This article analyses the stability properties of the steady-state and the transitional dynamics of an endogenous growth model with human capital, increasing-varieties R&D, and quality-ladders R&D [Strulik, 2005, Review of International Economics, 13 (1): 129-145]. We show that when spillovers within R&D sectors are higher than spillovers across the two R&D sectors, the equilibrium is unstable. However, when spillovers between sectors are higher than within, the equilibrium is a saddle-path. This result emphasizes the need for empirical research that compares quantitatively the importance of these two types of spillovers and highlights the importance of studying intersectoral effects between the two R&D sectors. We describe plausible paths of economic development after changes in crucial parameters and uncover some transitional effects that were impossible to detect in the steady-state analysis. We also show that this model’s transition dynamics can mimic the main features of the process of productivity slowdown that began in the 1970’s. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Sequeira, T.N.; A. Ferreira-Lopes and O. Gomes (2014). “A Growth Model with Qualities, Varieties, and Human Capital: Stability and Transitional Dynamics.” Studies in Nonlinear Dynamics & Econometrics, vol. 18, issue 5, pp. 543-555. | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.21/6900 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.subject | Vertical and Horizontal R&D, Human Capital, Endogenous Growth Models; Steady-State Stability; Transitional Dynamics. | pt_PT |
| dc.title | A Growth Model with Qualities, Varieties, and Human Capital: Stability and Transitional Dynamics | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 555 | pt_PT |
| oaire.citation.issue | Issue 5 | pt_PT |
| oaire.citation.startPage | 543 | pt_PT |
| oaire.citation.volume | 18 | pt_PT |
| person.familyName | Gomes | |
| person.givenName | Orlando | |
| person.identifier.orcid | 0000-0001-6324-7594 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | d875b202-226d-48f2-bc40-570c6a58758f | |
| relation.isAuthorOfPublication.latestForDiscovery | d875b202-226d-48f2-bc40-570c6a58758f |