Combining Semi-Endogenous and Fully Endogenous Growth: a Generalization

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Cozzi, Guido;
  • Publisher: Elsevier
  • Related identifiers: doi: 10.1016/j.econlet.2017.03.027
  • Subject: O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights | economics | O4 - Economic Growth and Aggregate Productivity

This paper shows that combining the semi-endogenous and the fully endogenous growth mechanisms with a general CES aggregator, either growth process can prevail in the balanced growth path depending on their degree of complementarity/substitutability. Policy-induced l... View more
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