Fung, Ka Wai Terence; Lau, Chi Keung Marco - Volkswirtschaftliche Fakultät, … - 2013
This paper builds up an endogenous growth model à la Aghion and Howitt (1992) and Boucekkine et al (2005). We assume that R&D firms use only investment good as input, instead of final good as hypothesized in the above two models. We show that investment price will be a negative function of...