Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jmacro.2002.06.001
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dc.titleReexamining the interaction between innovation and capital accumulation
dc.contributor.authorZeng, J.
dc.date.accessioned2011-02-24T06:55:08Z
dc.date.available2011-02-24T06:55:08Z
dc.date.issued2003
dc.identifier.citationZeng, 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
dc.identifier.issn01640704
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/19975
dc.description.abstractIn 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jmacro.2002.06.001
dc.sourceScopus
dc.subjectCapital accumulation
dc.subjectInnovation
dc.subjectLong-run growth
dc.subjectPolicy effects
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jmacro.2002.06.001
dc.description.sourcetitleJournal of Macroeconomics
dc.description.volume25
dc.description.issue4
dc.description.page541-560
dc.identifier.isiut000186637500007
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