@techreport{oai:tsukuba.repo.nii.ac.jp:00027555,
 author = {KUWAHARA, Shiro and 桑原, 史郎},
 month = {Jul},
 note = {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.},
 title = {Dynamical Analysis of the R&D-based Growth Model with a Regime Switch},
 year = {2012}
}