کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9554906 | 1376290 | 2005 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Obsolescence and modernization in the growth process
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
In this paper, an endogenous growth model is built up incorporating Schumpeterian creative destruction and embodied technological progress. Under embodiment, long run growth is affected by two opposite effects: (i) obsolescence costs add to the user cost of capital, which have a negative effect on research efforts; and (ii) the modernization of capital increases the demand for investment goods, raising the incentives to undertake research activities. Applied to the understanding of the growth enhancing role of both capital and R&D subsidies, we conclude that the positive effect of modernization generally more than compensates the negative effect of obsolescence.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Development Economics - Volume 77, Issue 1, June 2005, Pages 153-171
Journal: Journal of Development Economics - Volume 77, Issue 1, June 2005, Pages 153-171
نویسندگان
Raouf Boucekkine, Fernando del RÃo, Omar Licandro,