Logo
Munich Personal RePEc Archive

Growth and Competition in a Model of Human Capital Accumulation and Research

Bianco, Dominique (2008): Growth and Competition in a Model of Human Capital Accumulation and Research.

[thumbnail of MPRA_paper_10913.pdf]
Preview
PDF
MPRA_paper_10913.pdf

Download (181kB) | Preview

Abstract

The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling the monopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition. We find that the steady-state output growth rate depends on the parameters describing preferences, human capital accumulation technology and R&D activity. We also show that the relationship between competition and growth is inverse U shaped. This result that seems to be in line this empirical results (Aghion and Gri±th (2005)) is explained by the resource allocation effect.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.