6533b7d6fe1ef96bd126727d
RESEARCH PRODUCT
R&D, Competition and Growth with Human Capital Accumulation Revisited
Dominique Biancosubject
Statistics and ProbabilityEconomics and EconometricsJ24O41technological changejel:D43Endogenous growth; horizontal differentiation; technological change; imperfect competition; human capitalHuman capitaljel:J24MicroeconomicsCompetition (economics)jel:O41Monopolistic competitionhorizontal differentiationSpecialization (functional)ddc:330Per capitaEconomicsProduction (economics)[ SHS.ECO ] Humanities and Social Sciences/Economies and financesimperfect competitionhuman capital[SHS.ECO] Humanities and Social Sciences/Economics and FinanceComputingMilieux_MISCELLANEOUSO31Endogenous growth theory[SHS.ECO]Humanities and Social Sciences/Economics and FinanceL16Endogenous growthjel:O31jel:L16HUMAN CAPITALImperfect competitionD43description
In this paper, we have presented a generalization of Bucci's (2003) model in which have disentangled the monopolistic mark-up in the intermediate goods sector, the intermediate goods share in the final output and the returns to specialization in order to have a better measurement of competition. Indeed, unlike Bucci (2003), in our model, the measure of competition is completely independent of the intermediate goods share in the final output and the returns to specialization. Our main finding is that, unlike Bucci (2003), we show that the competition does not play any role in growth. This result is explained by the complementarity of innovation and human capital assumed in the research production. Moreover, we have shown that an increase in competition raises the level of production per capita, increasing consumer's welfare.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2012-10-01 |