| 来源类型 | Other |
| Optimal Investment in R&D with International Knowledge Spillovers. | |
| Aseev SM; Hutschenreiter G; Kryazhimskiy AV | |
| 发表日期 | 2002 |
| 出处 | WIFO Working Papers, No. 175 (March 2002) |
| 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 infinite-horizon dynamic optimization problem a specialized version of the Pontryagin maximum principle had to be applied. 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 the two solutions. Thus, optimal policy intervention has no effect on long-run growth rates but affects these relative levels. |
| 主题 | Dynamic Systems (DYN) |
| 关键词 | Endogenous growth R& D spillovers Absorptive capacities Dynamic optimization |
| URL | http://pure.iiasa.ac.at/id/eprint/6676/ |
| 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/134899 |
| 推荐引用方式 GB/T 7714 | Aseev SM,Hutschenreiter G,Kryazhimskiy AV. Optimal Investment in R&D with International Knowledge Spillovers.. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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