| 来源类型 | Monograph (IIASA Interim Report) |
| 规范类型 | 报告 |
| A Dynamical Model of Optimal Allocation of Resources to R&D. | |
| Aseev SM; Hutschenreiter G; Kryazhimskiy AV | |
| 发表日期 | 2002 |
| 出版者 | IIASA, Laxenburg, Austria: IR-02-016 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We provide steps towards a welfare analysis of a two-country endogenous growth model where a relatively small follower absorbs part of the knowledge generated in the leading country. To solve a suitably defined dynamic optimization problem an appropriate version of the Pontryagin maximum principle is developed. The properties of optimal controls and the corresponding optimal trajectories are characterized by the qualitative analysis of the solutions of the Hamiltonian system arising through the implementation of the Pontryagin maximum principle. We find that for a quite small follower, optimization produces the same asymptotic rate of innovation as the market. However, relative knowledge stocks and levels of productivity differ, in general. Thus, policy intervention has no effect on growth rates but may also affect these relative levels. The results are different for not so small follower economies. The present paper provides the rigorous justification for the results presented in Aseev, Hutschenreiter and Kryazhimskii, 2002. |
| 主题 | Dynamic Systems (DYN) |
| URL | http://pure.iiasa.ac.at/id/eprint/6769/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/125189 |
| 推荐引用方式 GB/T 7714 | Aseev SM,Hutschenreiter G,Kryazhimskiy AV. A Dynamical Model of Optimal Allocation of Resources to R&D.. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| IR-02-016.pdf（517KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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