The Romer model with monopolistic competition and general technologies

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 181
Issue: C
Pages: 1-6

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

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

Abstract

I augment the Romer model of endogenous technological progress with a general CRS production function in labor and intermediate inputs. This determines markups and profits of the innovators in function of the number of inputs. Under imperfect substitutability the economy can converge to a steady state (as under a nested CES technology), replicating the properties of neoclassical growth due to a decreasing marginal profitability of innovation, or to constant growth linear in population growth as in semi-endogenous growth models.

Technical Details

RePEc Handle
repec:eee:ecolet:v:181:y:2019:i:c:p:1-6
Journal Field
General
Author Count
1
Added to Database
2026-01-25