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Heterogeneous R&D spillovers and sustainable growth: Limits to efficient regulation
Discussion paper / Internet publication
 
ID 4266046
Author(s) Bondarev, Anton
Author(s) at UniBasel Bondarev, Anton
Year 2018
Month and day 01-25
Title Heterogeneous R&D spillovers and sustainable growth: Limits to efficient regulation
Series title WWZ Working Papers
Volume 2018
Number 04
Pages 31
Publisher / Institution WWZ, University of Basel
Keywords endogenous structural change; endogenous growth; technological spillovers; R&D policy; government regulation; dynamic stability; spectral theory; optimal control
Abstract This paper introduces heterogeneity of cross-technologies interactions into the double-differentiated R&D-based endogenous growth model. In this model new technologies appear continuously and older are outdated generating structural change. All technologies may interact with each other through knowledge spillovers which are technology-specific and this results in innovations' heterogeneity. The conditions on the shape of these interactions for the existence of the (sustained) growth path in the decentralized economy as well as for the social planner's problem are estab- lished. Next the necessity for government interventions depending on the complexity of these interactions is studied. At last the scale and duration of interventions are demonstrated to be functions of spectral properties of the interactions operator.
edoc-URL https://edoc.unibas.ch/61295/
Full Text on edoc Available
 
   

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