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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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Date of publication of this fulltext: 05 Aug 2009 13:22

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


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)
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Keywords:endogenous growth, transitional dynamics, indeterminacy, open economy
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Yes
Item ID:379
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