We utilize a standard endogenous-growth model with knowledge spillovers (the “k-K” model). We characterize the optimal Balanced Growth Path (BGP), and compare it to path under market competition. In the presence of externalities, markets fail. One way to restore efficiency is to subsidize knowledge accumulation, and finance the subsidy by taxing final consumption
Abstract Bénabou [(2002) Econometrica 70, 481–517.] demonstrated how progressive redistribution m...
This paper combines three prototype endogenous growth models, the models with human capital accumula...
This paper presents a model of endogenous growth in which the main engine of economic development is...
Greiner A, Semmler W. Externalities of investment, education and economic growth. ECONOMIC MODELLING...
In this paper we present a model in which endogenous growth arises in competitive markets. Knowledge...
This paper exploits the formalization of a circular product differentiation model of Salop (1979) to...
The theoretical framework presented here preserves many of the primary features of the standard neo-...
Greiner A. On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY. 20...
Knowledge spillover implies that the social value of knowledge is higher than its private value and ...
We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at impr...
We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at impr...
Existing optimal global models specify the elements of a national optimal growth programme. This pap...
This paper preserves many of the primary features of the standard neoclassical framework while intro...
Recent advances in the economics of knowledge highlight the key role of pecunìary knowledge external...
An established result of the endogenous growth literature is that competitive equilibria in expandin...
Abstract Bénabou [(2002) Econometrica 70, 481–517.] demonstrated how progressive redistribution m...
This paper combines three prototype endogenous growth models, the models with human capital accumula...
This paper presents a model of endogenous growth in which the main engine of economic development is...
Greiner A, Semmler W. Externalities of investment, education and economic growth. ECONOMIC MODELLING...
In this paper we present a model in which endogenous growth arises in competitive markets. Knowledge...
This paper exploits the formalization of a circular product differentiation model of Salop (1979) to...
The theoretical framework presented here preserves many of the primary features of the standard neo-...
Greiner A. On the dynamics of an endogenous growth model with learning by doing. ECONOMIC THEORY. 20...
Knowledge spillover implies that the social value of knowledge is higher than its private value and ...
We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at impr...
We present a model that separates entrepreneurship from profit-motivated corporate R&D aimed at impr...
Existing optimal global models specify the elements of a national optimal growth programme. This pap...
This paper preserves many of the primary features of the standard neoclassical framework while intro...
Recent advances in the economics of knowledge highlight the key role of pecunìary knowledge external...
An established result of the endogenous growth literature is that competitive equilibria in expandin...
Abstract Bénabou [(2002) Econometrica 70, 481–517.] demonstrated how progressive redistribution m...
This paper combines three prototype endogenous growth models, the models with human capital accumula...
This paper presents a model of endogenous growth in which the main engine of economic development is...
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