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The Dynamics of the Jones R&D Growth Model

Arnold, Lutz G. (2006) The Dynamics of the Jones R&D Growth Model. Review of Economic Dynamics 9 (1), pp. 143-152.

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Abstract

The dynamics of most prominent endogenous growth models are well understood. One notable exception is the Jones (1995) R&D growth model. This paper provides an analytical treatment of this model's transitional dynamics. It is shown that, given constant returns to labor in R&D (as conventionally assumed in R&D growth models), a unique trajectory converging to the balanced growth path exists. The ...

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Item type:Article
Date:2006
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Related URLs:
URLURL Type
http://ideas.repec.org/a/red/issued/v9y2006i1p143-152.htmlOther
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:199
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