Mostrar el registro sencillo del ítem
R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources
dc.contributor.author | Agnani, Betty | |
dc.contributor.author | Gutiérrez, María José | |
dc.contributor.author | Iza, Amaia | |
dc.date.accessioned | 2014-05-02T09:10:54Z | |
dc.date.available | 2014-05-02T09:10:54Z | |
dc.date.issued | 2007 | |
dc.identifier.citation | Agnany, B.; Gutiérrez, M.J.; Iza, A. R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources. Universidad de Granada. Departamento de Teoría e Historia Económica (2007). (The Papers; 07/09). [http://hdl.handle.net/10481/31508] | es_ES |
dc.identifier.uri | http://hdl.handle.net/10481/31508 | |
dc.description.abstract | The aim of this paper is to analyze how active R&D policies affect the growth rate of an economy with endogenous growth and non-renewable resources. We know from Scholz and Ziemens (1999) and Groth (2006) that in infinitely lived agents (ILA) economies, any active R&D policy increases the growth rate of the economy. To see if this result also appears in economies with finite lifetime agents, we developed an endogenous growth overlapping generations (OLG) economy à la Diamond which uses non-renewable resources as essential inputs in final good’s production. We show analytically that a sufficient condition guaranteeing that an active R&D policy increases the growth rate of the economy actually implies a reduction of the use of the non-renewable resources. Numerically we show that in economies with low intertemporal elasticity of substitution (IES), active R&D policies lead the economy to increase the depletion of non-renewable resources. Nevertheless, we find that active R&D policies always imply increases in the endogenous growth rate, in both scenarios. Furthermore, when the IES coefficient is lower (greater) than one, active R&D policies affect the growth rate of the economy in the ILA more (less) than in OLG economies. | es_ES |
dc.description.sponsorship | Financial support from the Spanish Ministry of Education and Science, through Projects SEJ2006-12793/ECON, SEJ2007-62081/ECON and SEJ2006-10827/ECON, and Universidad del PaÌs Vasco through Grupo de InvestigaciÛn Consolidado UPV GIU06/41. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Universidad de Granada. Departamento de Teoría e Historia Económica | es_ES |
dc.relation.ispartofseries | The Papers;07/09 | |
dc.rights | Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License | es_ES |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | es_ES |
dc.subject | Endogenous growth | es_ES |
dc.subject | R&D (Research and Development) | es_ES |
dc.subject | Non-renewable resources | es_ES |
dc.subject | Overlapping generations | es_ES |
dc.subject | Infinitely lived agents | es_ES |
dc.subject | Balanced growth path | es_ES |
dc.title | R&D Policy in Economies with Endogenous Growth and Non-Renewable Resources | es_ES |
dc.type | info:eu-repo/semantics/report | es_ES |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es_ES |