Transitional dynamics in an R&D-based growth model with imitation: comparing its predictions to the data

Pérez Sebastián, Fidel

Publication:
Transitional dynamics in an R&D-based growth model with imitation: comparing its predictions to the data

dc.contributor.author	Pérez Sebastián, Fidel
dc.contributor.department	Economía	es_ES
dc.contributor.department	Ekonomia	eu
dc.date.accessioned	2016-05-10T07:40:11Z
dc.date.available	2016-05-10T07:40:11Z
dc.date.issued	1998
dc.description.abstract	Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, the transitional dynamics of the R&D-based growth model can account for growth 'miracles'. The additional convergence power provided by technology imitations allows the model to replicate rapid growth experiences for plausible real interest rates, and reasonable consumption and investment shares. Furthermore, our results can reconcile the big contribution of input factor accumulation to economic growth found by Young (1994, 1995a) with the importance of technology transfer.	en
dc.format.extent	32 p.
dc.format.mimetype	application/pdf	en
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/20580
dc.language.iso	eng	en
dc.relation.ispartofseries	Documentos de Trabajo DE - ES Lan Gaiak	es
dc.relation.ispartofseries	9802	en
dc.rights	CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)	en
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Growth	en
dc.subject	Innovation	en
dc.subject	Imitation	en
dc.subject	Transition dynamics	en
dc.title	Transitional dynamics in an R&D-based growth model with imitation: comparing its predictions to the data	en
dc.type	info:eu-repo/semantics/workingPaper
dspace.entity.type	Publication