Publicação
Growth and firm dynamics with horizontal and vertical R&D
| Resumo: | This paper develops a tournament model of horizontal and vertical R&D under a lab-equipment specification. A key feature is that the overall growth rate is endogenous, as the splitting of the growth rate between the intensive and the extensive margin is itself endogenous. This setup gives rise to strong inter-R&D composition effects, while making economic growth and firm dynamics closely related, both along the balanced-growth path and transition. The model hence offers a (qualitative) explanation for the negative or insignificant empirical correlation between aggregate R&D intensity and both firm size and economic growth, a well-known puzzle in the growth literature. |
|---|---|
| Autores principais: | Gil, Pedro Mazeda |
| Outros Autores: | Brito, Paulo; Afonso, Oscar |
| Assunto: | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| Ano: | 2010 |
| País: | Portugal |
| Tipo de documento: | working paper |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1866810929571692544 |
|---|---|
| author | Gil, Pedro Mazeda |
| author2 | Brito, Paulo Afonso, Oscar |
| author2_role | author author |
| author_facet | Gil, Pedro Mazeda Brito, Paulo Afonso, Oscar |
| author_role | author |
| contributor_name_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Gil, Pedro Mazeda\"},{\"Person.name\":\"Brito, Paulo\"},{\"Person.name\":\"Afonso, Oscar\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Gil, Pedro Mazeda Brito, Paulo Afonso, Oscar |
| datacite.date.Accepted.fl_str_mv | 2010-01-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2022-05-10T13:58:29Z |
| datacite.date.embargoed.fl_str_mv | 2022-05-10T13:58:29Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| datacite.titles.title.fl_str_mv | Growth and firm dynamics with horizontal and vertical R&D |
| dc.contributor.none.fl_str_mv | Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Gil, Pedro Mazeda Brito, Paulo Afonso, Oscar |
| dc.date.Accepted.fl_str_mv | 2010-01-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2022-05-10T13:58:29Z |
| dc.date.embargoed.fl_str_mv | 2022-05-10T13:58:29Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/24273 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Faculdade de Economia - Universidade do Porto |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| dc.title.fl_str_mv | Growth and firm dynamics with horizontal and vertical R&D |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_8042 |
| description | This paper develops a tournament model of horizontal and vertical R&D under a lab-equipment specification. A key feature is that the overall growth rate is endogenous, as the splitting of the growth rate between the intensive and the extensive margin is itself endogenous. This setup gives rise to strong inter-R&D composition effects, while making economic growth and firm dynamics closely related, both along the balanced-growth path and transition. The model hence offers a (qualitative) explanation for the negative or insignificant empirical correlation between aggregate R&D intensity and both firm size and economic growth, a well-known puzzle in the growth literature. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | workingPaper |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/6716d2ce-9121-4c4f-ad31-d482bcc43a85/download |
| id | ul_aa3ce99fe338d3cef5425aa612cf45f3 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/24273 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/24273 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Gil, Pedro Mazeda Brito, Paulo Afonso, Oscar |
| publishDate | 2010 |
| publisher.none.fl_str_mv | Faculdade de Economia - Universidade do Porto |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engFaculdade de Economia - Universidade do Portopt_PTThis paper develops a tournament model of horizontal and vertical R&D under a lab-equipment specification. A key feature is that the overall growth rate is endogenous, as the splitting of the growth rate between the intensive and the extensive margin is itself endogenous. This setup gives rise to strong inter-R&D composition effects, while making economic growth and firm dynamics closely related, both along the balanced-growth path and transition. The model hence offers a (qualitative) explanation for the negative or insignificant empirical correlation between aggregate R&D intensity and both firm size and economic growth, a well-known puzzle in the growth literature.application/pdfpt_PTGrowth and firm dynamics with horizontal and vertical R&DGil, Pedro MazedaBrito, PauloAfonso, OscarHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.pt2022-05-10T13:58:29Z2010-012010-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/24273http://purl.org/coar/access_right/c_abf2open accessEndogenous GrowthVertical and Horizontal R&DFirms DynamicsTransitional Dynamics721967 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/6716d2ce-9121-4c4f-ad31-d482bcc43a85/download |
| spellingShingle | Growth and firm dynamics with horizontal and vertical R&D Gil, Pedro Mazeda Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| status | SINGLETON |
| subject.fl_str_mv | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| title | Growth and firm dynamics with horizontal and vertical R&D |
| title_full | Growth and firm dynamics with horizontal and vertical R&D |
| title_fullStr | Growth and firm dynamics with horizontal and vertical R&D |
| title_full_unstemmed | Growth and firm dynamics with horizontal and vertical R&D |
| title_short | Growth and firm dynamics with horizontal and vertical R&D |
| title_sort | Growth and firm dynamics with horizontal and vertical R&D |
| topic | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| topic_facet | Endogenous Growth Vertical and Horizontal R&D Firms Dynamics Transitional Dynamics |
| url | http://hdl.handle.net/10400.5/24273 |
| visible | 1 |