Steady endogenous growth with population and R & D inputs growing

• 成果类型: Article
• 署名作者: Howitt, P
• 署名单位: University System of Ohio; Ohio State University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/250076
• 发表日期: 1999
• 页码: 715-730
• 关键词: economic-growth

摘要

This paper presents a Schumpeterian endogenous growth model in which a steady state exists with a constant growth rate even though population and the inputs to R & D are growing. The scale effect of rising population is nullified by product proliferation that fragments the growing demand for intermediate products, thus preventing the reward to any specific innovation from rising with population. All the usual comparative statics results of Schumpeterian growth theory are valid, including the positive effect of R & D subsidies on growth.