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• W2135648613 startingPage "189" @default.
• W2135648613 abstract "We develop an endogenous growth model that integrates research and development (R&D) with human capital accumulation. Given decreasing returns to scale, together with a threshold constraint on human capital, in R&D, steady-state growth is determined solely by preferences and human capital technology: it is independent of research activity which, itself, is driven by human capital accumulation. In accordance with recent empirical evidence, the model implies that long-run growth is both independent of scale effects and invariant to a wide range of policies." @default.
• W2135648613 created "2016-06-24" @default.
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• W2135648613 date "2000-03-01" @default.
• W2135648613 modified "2023-10-10" @default.
• W2135648613 title "Research, development and human capital accumulation" @default.
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• W2135648613 doi "https://doi.org/10.1016/s0164-0704(00)00128-2" @default.
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