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Growth, Welfare, and Trade in an Integrated Model of Human-Capital Accumulation and Research

Arnold, Lutz G. (1998) Growth, Welfare, and Trade in an Integrated Model of Human-Capital Accumulation and Research. Journal of Macroeconomics 20 (1), pp. 81-105.

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Abstract

R&D-based models of growth predict an unrealistic degree of responsiveness of long-run growth rates to policy changes. The present paper “exogenizes” the equilibrium growth rate in the Grossman-Helpman model by endogenizing human capital along the lines proposed by Uzawa and Lucas: the pace of long-run growth is unaffected by R&D subsidies, flat-rate taxes, basic research, and—in highly developed ...

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Item Type:Article
Date:1998
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Identification Number:
ValueType
10.1016/S0164-0704(98)00048-2DOI
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Owner: Universitätsbibliothek Regensburg
Deposited On:24 Jun 2010 04:58
Last Modified:24 Jun 2010 04:58
Item ID:15546
Owner Only: item control page
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