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• W2057429781 abstract "Abstract This study proposes a growth model to examine dynamic processes of capital and knowledge accumulation and price structure. The economy consists of three - agriculture, industry and service - production sectors and one knowledge creator - the university. There are four - land, capita], labor force and knowledge - factors of economic production. The university is financially supported by the government whose income comes from tax from the production sectors. Capital accumulation is due to savings by the households and knowledge growth is due to creativity of the three production sectors and the university. We guarantee the existence of long-run equilibria and provide stability conditions. We also examine effects of changes in research policy, creativity of economic activities and scientists, the territorial size, and savings rate upon long-run economic development and the price structure." @default.
• W2057429781 created "2016-06-24" @default.
• W2057429781 creator A5056723779 @default.
• W2057429781 date "1993-08-01" @default.
• W2057429781 modified "2023-09-27" @default.
• W2057429781 title "Government's research policy and economic growth: Capital, knowledge and economic" @default.
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• W2057429781 doi "https://doi.org/10.1016/0048-7333(93)90003-z" @default.
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