Combining semi-endogenous and fully endogenous growth: A generalization

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 155
Issue: C
Pages: 89-91

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper shows that combining the semi-endogenous and the fully endogenous growth mechanisms with a general CES aggregator, either growth process can prevail in the balanced growth path depending on their degree of complementarity/substitutability. Policy-induced long-run economic switches to the fully endogenous steady state as the R&D employment ratio surpasses a positive threshold are possible if the two growth engines are gross substitutes.

Technical Details

RePEc Handle
repec:eee:ecolet:v:155:y:2017:i:c:p:89-91
Journal Field
General
Author Count
1
Added to Database
2026-01-25