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ralph lauren polo

Joerg Lingens
''Policy implications of endogenous growth models: A Note''
( 2005, Vol. 15 No.13 )
In this note we analyse the effect of an increase in the amount of resources devoted to research within a general R&D growth model. We show that the initial effect of this increase is independent of whether the spill-over in R&D is linear or not. Even after two decades along a transitional growth path the direction as well as the magnitude of this effect on the rate of growth is very similar. Thus, linear spill-over models could be interpreted as a proxy for the transitional behaviour of non-linear spill-over models. If we consider transitional dynamics to be relevant, linear spill-over models could be reasonable descriptions of real world growth processes.
JEL: O3 - Technological Change; Research and Development: General
Manuscript Received : Mar 09 2005 Manuscript Accepted : Mar 09 2005

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