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
Source: 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

14
checked on Dec 4, 2017

Page view(s)

260
checked on Dec 8, 2017

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.