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A Model of Endogenous Growth: The Case of an Innovative Economy

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  • Constantin Chilarescu

    (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Ioana Viasu

    (UVT - Universitatea de Vest din Timișoara [România] = West University of Timișoara [Romania] = Université Ouest de Timișoara [Roumanie])

Abstract

The main aim of this paper is to bring some improvements to the model developed by Funke and Strulik, having as starting point the basic model proposed by Grossman and Helpman. We will prove that the competitive equilibrium solution is locally unique. Nevertheless, at least as regards the stability of equilibrium point, we confirm the results obtained by Funke and Strulik.

Suggested Citation

  • Constantin Chilarescu & Ioana Viasu, 2013. "A Model of Endogenous Growth: The Case of an Innovative Economy," Post-Print hal-02397413, HAL.
    • Handle: RePEc:hal:journl:hal-02397413
    DOI: 10.1155/2013/901096
    Note: View the original document on HAL open archive server: https://hal.univ-lille.fr/hal-02397413
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    References listed on IDEAS

    as
    1. Funke, Michael & Strulik, Holger, 2000. "On endogenous growth with physical capital, human capital and product variety," European Economic Review, Elsevier, vol. 44(3), pages 491-515, March.
    2. Iacopetta, Maurizio, 2010. "Phases of economic development and the transitional dynamics of an innovation-education growth model," European Economic Review, Elsevier, vol. 54(2), pages 317-330, February.
    3. Iacopetta, Maurizio, 2011. "Formal education and public knowledge," Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 676-693, May.
    4. Tiago Neves Sequeira, 2008. "Transitional Dynamics Of An Endogenous Growth Model With An Erosion Effect," Manchester School, University of Manchester, vol. 76(4), pages 436-452, July.
    5. Arnold, Lutz G., 2000. "Endogenous growth with physical capital, human capital and product variety: A comment," European Economic Review, Elsevier, vol. 44(8), pages 1599-1605, August.
    6. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    7. Eriksson, Clas, 1996. "Market failures in the R&D growth model with endogenous labor supply," Journal of Public Economics, Elsevier, vol. 61(3), pages 445-454, September.
    8. Gómez Manuel A, 2005. "Transitional Dynamics in an Endogenous Growth Model with Physical Capital, Human Capital and R&D," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 9(1), pages 1-20, March.
    Full references (including those not matched with items on IDEAS)

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