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The Dynamics of the Romer R&D Growth Model with Quality Upgrading

Arnold, Lutz G. and Kornprobst, Wolfgang (2006) The Dynamics of the Romer R&D Growth Model with Quality Upgrading. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 413, Working Paper.

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Other URL: http://www.opus-bayern.de/uni-regensburg/volltexte/2006/673/


Abstract

This paper replaces increasing product variety with quality upgrading in the Romer (1990) model. We show that the range of parameters for which a steady state exists can be divided into two subspaces with well-behaved comparative statics and saddle-point dynamics in one subspace, but with “perverse” comparative-statics properties and either equilibrium indeterminacy or instability in the other ...

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Item Type:Monograph (Working Paper)
Date:29 June 2006
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Identification Number:
ValueType
urn:nbn:de:bvb:355-opus-6730URN
Keywords:endogenous growth, transitional dynamics, indeterminacy, open economy
Subjects:300 Social sciences > 330 Economics
Status:Published
Created at the University of Regensburg:Yes
Owner: Universitätsbibliothek Regensburg
Deposited On:07 Sep 2006
Last Modified:13 Mar 2014 09:40
Item ID:379
Owner Only: item control page

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