A dual economy model of endogenous growth with R&D and market structure

Le, Thanh (2009). A dual economy model of endogenous growth with R&D and market structure. In Uwe Cantner, Jean-Luc Gaffard and Lionel Nesta (Ed.), Schumpeterian perspectives on innovation, competition and growth (pp. 97-114) Berlin, Heidelberg, Germany: Springer-Verlag Berlin Heidelberg.


Author Le, Thanh
Title of chapter A dual economy model of endogenous growth with R&D and market structure
Title of book Schumpeterian perspectives on innovation, competition and growth
Place of Publication Berlin, Heidelberg, Germany
Publisher Springer-Verlag Berlin Heidelberg
Publication Year 2009
Sub-type Research book chapter (original research)
DOI 10.1007/978-3-540-93777-7_7
ISBN 9783540937777
3540937773
9783540937760
3540937765
Editor Uwe Cantner
Jean-Luc Gaffard
Lionel Nesta
Start page 97
End page 114
Total pages 18
Total chapters 23
Language eng
Abstract/Summary This paper develops a dual economy endogenous growth model to consider the effects of market structure and innovation on the rate of growth of an economy. There is an innovative goods sector where firms consistently invest in research and development to produce new products within a framework of monopolistic competition. Firms in the traditional goods sector produce a homogenous good, compete in a form of oligopoly (quantity competition), and seek to reduce their production costs. It is shown that growth is increasing in the market power that firms in the innovative goods sector obtain but decreasing in the equilibrium number of firms in the traditional goods sector.
Keyword Market structure
Research and development
Economic growth
Q-Index Code B1
Q-Index Status Provisional Code
Institutional Status UQ
Additional Notes This chapter was originally published in: J Evol Econ (2008) 18:349–366 DOI 10.1007/s00191-008-0099-3 Part II Modelling

Document type: Book Chapter
Collection: School of Economics Publications
 
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Created: Wed, 06 Jun 2012, 10:58:28 EST by Dr Thanh Quang Le on behalf of School of Economics