From Solow to Schumpeter: a two-stage endogenous model of economic growth

This paper studies the determinants which enable an economy to enter an innovation-driven growth stage. We present a model in which the final good is produced with labor and an intermediate good. This intermediate good is produced by default in a competitive market, but a firm can have the possibility to invest in research and development and, if successful, become the monopolist in the market for a period. Successful research generates improvements in productivity that make long term economic growth possible. We derive a condition to be met in order to initiate innovation, and additionally we analyze specific policies that may help commence innovation in an economy which originally does not meet the precedent condition.

Name thesis:degree_name

Licenciatura en Economía

Level thesis:degree_level

0

Grantor dc:publisher

Universidad Torcuato Di Tella

Year dc:date.issued

2013

Authors dc:creator

• Di Paolo, Ramiro
• Perkul, Guido
• Ponieman, Danilo
• Tempone, Pablo

Advisors dc:contributor.advisor

• Espino, Emilio
• Universidad Torcuato Di Tella

• Crecimiento económico -- Modelos de crecimiento
• Crecimiento económico -- Estudios de casos
• Economía -- Teoría
• Tesis

Statement dc:rights

• info:eu-repo/semantics/openAccess

Language dc:language

eng

Repository record dc:identifier.uri

https://repositorio.utdt.edu/handle/20.500.13098/1504

OAI identifier oai:identifier

oai:repositorio.utdt.edu:20.500.13098/1504