| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| On Scale Effects, Market Power and Growth when Human and Technological Capital are Complements |
| Alberto Bucci
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| 发表日期 | 2000
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| 出处 | Economy and Society
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| 出版年 | 2000
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| 语种 | 英语
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| 摘要 | In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the economy we analyse is that in the sectors where both kinds of capital are accumulated no externality (or spillover) effect does exist. Many insights arise from the model. First of all, due to the complementarity hypothesis, multiple steady states emerge. Secondly, growth does not depend on the scale of the economy, but turns out to be sensitive to the fraction of human capital devoted to research. Finally, when skilled work and ideas are perfect complements, product market competition is unambiguously bad for growth. eywords: |
| 特色分类 | L16,O31,O41
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| 关键词 | Endogenous growth,innovation,human capital,industrial organisation,macroeconomics
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/on-scale-effects-market-power-and-growth-when-human-and-technological-capital-are-complements/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116555
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推荐引用方式
GB/T 7714 |
Alberto Bucci. On Scale Effects, Market Power and Growth when Human and Technological Capital are Complements. 2000.
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文件名：
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NDL2000-062.pdf
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格式：
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Adobe PDF
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