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  • 标题:Innovation and Growth in the Grossman-Helpman's 1991 Model with Increasing Returns.
  • 本地全文:下载
  • 作者:Giulio Guarini
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2011
  • 卷号:31
  • 期号:1
  • 页码:147-155
  • 出版社:Economics Bulletin
  • 摘要:In this paper I consider the 1991 Grossman-Helpman model which analyses the role of innovation on growth. The model assumes constant returns to scale. I intend to show what happen in this model if I assume strong increasing returns. In particular, under the assumption of increasing returns of capital but leaving all other main features of the Grossman-Helpman model unchanged, I analyse the influence of the rate of innovation on three variables: the rate of growth of final output, the level of prices of final output and the rate of investment
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