An R&D-based model of multi-sector growth
By: Rachel Ngai, Roberto M. Samaniego
Contributors: Samaniego, Roberto M.; London School of Economics and Political Science. Centre for Economic Performance
Series: CEP discussion paper -- no. 762
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2006
Place of publication: London
Language: eng
Format: [electronic resource] /
Description: We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of the parameters of the knowledge production function except for one, which we term the fertility of knowledge. Differences in R&D intensity are also independent of most other parameters. The fertility of knowledge in the capital sector is central to the growth properties of the model economy.
Notes: Title from publisher's abstract page (viewed on Jan. 5, 2007).

"December 2006."

Includes bibliographical references.

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