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A Note on the Comparative Statics and Dynamics of the Romer R&D Growth Model with Quality Upgrading

Arnold, Lutz G. and Kornprobst, Wolfgang (2008) A Note on the Comparative Statics and Dynamics of the Romer R&D Growth Model with Quality Upgrading. Macroeconomic Dynamics 12 (5), pp. 702-716.

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Abstract

This paper replaces increasing product variety with quality upgrading in the Romer model [Romer, Paul M., Journal of Political Economy 98 (1990), S71–S102]. 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 ...

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Item Type:Article
Date:November 2008
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Identification Number:
ValueType
10.1017/S1365100508070375DOI
Keywords:Endogenous Growth; Transitional Dynamics; Indeterminacy
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Owner: Universitätsbibliothek Regensburg
Deposited On:09 Dec 2008 14:14
Last Modified:24 Jun 2010 05:51
Item ID:5121
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