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Policy implications of endogenous growth models: A Note

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  • Joerg Lingens

    (University of Regensburg)

Abstract

In this note we analyse the effect of an increase in the amount of resources devoted to research within a general R&D growth model. We show that the initial effect of this increase is independent of whether the spill-over in R&D is linear or not. Even after two decades along a transitional growth path the direction as well as the magnitude of this effect on the rate of growth is very similar. Thus, linear spill-over models could be interpreted as a proxy for the transitional behaviour of non-linear spill-over models. If we consider transitional dynamics to be relevant, linear spill-over models could be reasonable descriptions of real world growth processes.

Suggested Citation

  • Joerg Lingens, 2005. "Policy implications of endogenous growth models: A Note," Economics Bulletin, AccessEcon, vol. 15(13), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-05o30003
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    References listed on IDEAS

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    1. Eicher, Theo S. & Turnovsky, Stephen J., 2001. "Transitional dynamics in a two-sector non-scale growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 25(1-2), pages 85-113, January.
    2. Charles I. Jones, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 495-525.
    3. Michael Kremer, 1993. "Population Growth and Technological Change: One Million B.C. to 1990," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 681-716.
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    Cited by:

    1. Erdal Atukeren, 2005. "R&D Races and Spillovers between the EU and the US: Some Causal Evidence," KOF Working papers 05-105, KOF Swiss Economic Institute, ETH Zurich.
    2. Lingens, Jorg, 2007. "Unions, wage setting, and economic growth," Economic Modelling, Elsevier, vol. 24(1), pages 167-188, January.

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    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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