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Dynamical Analysis of the R&D-based Growth Model with a Regime Switch
http://hdl.handle.net/2241/117465
http://hdl.handle.net/2241/117465b459e310-5ec1-44ce-bc66-ec605cf21df3
名前 / ファイル | ライセンス | アクション |
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1297.pdf (309.9 kB)
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Item type | Technical Report(1) | |||||
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公開日 | 2012-08-08 | |||||
タイトル | ||||||
言語 | en | |||||
タイトル | Dynamical Analysis of the R&D-based Growth Model with a Regime Switch | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
アクセス権 | ||||||
アクセス権 | open access | |||||
アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||
著者 |
桑原, 史郎
× 桑原, 史郎 |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | Several empirical studies suggest that advanced economies experience a growth regime switch from factor accumulation to knowledge accumulation. To investigate the mechanism of such a regime switch, this study develops a concise and flexible dynamic model based on Romer (1990) by introducing two types of endogenously supplied R&D input capital. The model replicates the growth patterns of developed and underdeveloped nations, clarifies the important role that capital plays in the difference between them, and presents several implications for interest-rate subsidies and official development assistance. Further, it shows that if a country enjoying long-run growth has little initial capital, its initial economic development will be based on capital accumulation. When the capital stock becomes sufficient for supporting R&D, the economy will achieve long-run growth through R&D. |
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言語 | en | |||||
書誌情報 |
発行日 2012-07 |
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出版者 | ||||||
言語 | en | |||||
出版者 | University of Tsukuba. Graduate School of Systems and Information Engineering. Doctoral Program in Social Systems & Management | |||||
シリーズ | ||||||
言語 | en | |||||
関連名称 | Department of Social Systems and Management Discussion Paper Series;no.1297 |