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- URN to cite this document:
- urn:nbn:de:bvb:355-opus-4783
- DOI to cite this document:
- 10.5283/epub.4520
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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