Cookies?
Library Header Image
LSE Research Online LSE Library Services

An R&D-based model of multi-sector growth

Ngai, L. Rachel and Samaniego, Roberto M. (2006) An R&D-based model of multi-sector growth. 762. Centre for Economic Performance, London School of Economics and Political Science, London, UK. (Unpublished)

[img]
Preview
PDF
Download (493kB) | Preview
Identification Number: 762

Abstract

We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of the parameters of the knowledge production function except for one, which we term the fertility of knowledge. Differences in R&D intensity are also independent of most other parameters. The fertility of knowledge in the capital sector is central to the growth properties of the model economy.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2006 L. R. Ngai and R. M. Samaniego
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 26 Feb 2008
Last Modified: 01 Oct 2010 08:50
URI: http://eprints.lse.ac.uk/id/eprint/3527

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics