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- W3123406670 abstract "Until now, in models of endogenous growth with physical capital, human capital and R&D such as in Arnold [Journal of Macroeconomics 20 (1998)] and followers, steady-state growth is independent of innovation activities. We introduce absorption in human capital accumulation and describe the steady-state and transition of the model. We show that this new feature provides an effect of R&D in growth, consumption and welfare. We compare the quantitative effects of R&D productivity with the quantitative effects of Human Capital productivity in wealth and welfare." @default.
- W3123406670 created "2021-02-01" @default.
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- W3123406670 date "2007-01-01" @default.
- W3123406670 modified "2023-09-27" @default.
- W3123406670 title "Absorption in human capital and R&D effects in an endogenous growth model" @default.
- W3123406670 hasPublicationYear "2007" @default.
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