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- W2155189461 abstract "Several R&D-based models of endogenous economic growth are investigated under the Solow-like assumption of fixed allocation of resources across activities. We identify model parameters that lead to explosive dynamics and analyze various economic techniques to avoid it. The techniques include adding stricter constraints on model trajectories and limiting factors in technology equation. In particular, we demonstrate that our vintage version of the wellknown R&D-based model of economic growth (Jones, 1995) exhibits the same balanced dynamics as the original model." @default.
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- W2155189461 date "2008-09-01" @default.
- W2155189461 modified "2023-09-27" @default.
- W2155189461 title "Estimating the Dynamics of R&D-based Growth Models *" @default.
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