Please use this identifier to cite or link to this item:
https://doi.org/10.1016/j.jmacro.2002.06.001
Title: | Reexamining the interaction between innovation and capital accumulation |
Authors: | Zeng, J. |
Keywords: | Capital accumulation Innovation Long-run growth Policy effects |
Issue Date: | 2003 |
Citation: | Zeng, J. (2003). Reexamining the interaction between innovation and capital accumulation. Journal of Macroeconomics 25 (4) : 541-560. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jmacro.2002.06.001 |
Abstract: | In endogenous growth models with innovation and capital accumulation Arnold [J. Macroeconomics 20 (1998) 189] and Blackburn et al. [J. Macroeconomics 22 (2000) 81] show that long-run growth of per capita income is independent of innovation activities; it is solely determined by preferences and the human capital accumulation technology. As a result, government policies do not affect long-run growth. This paper develops an endogenous growth model with innovation and (physical and human) capital accumulation to show that long-run growth depends on both innovation and capital accumulation technologies as well as on preferences and that government taxes and subsidies can have effects on the long-run growth rate.©2003 Elsevier Inc. All rights reserved. |
Source Title: | Journal of Macroeconomics |
URI: | http://scholarbank.nus.edu.sg/handle/10635/19975 |
ISSN: | 01640704 |
DOI: | 10.1016/j.jmacro.2002.06.001 |
Appears in Collections: | Staff Publications |
Show full item record
Files in This Item:
There are no files associated with this item.
SCOPUSTM
Citations
15
checked on Feb 21, 2019
WEB OF SCIENCETM
Citations
16
checked on Feb 12, 2019
Page view(s)
265
checked on Nov 10, 2018
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.