Growth and Competition in a Model of Human Capital Accumulation and Research Report as inadecuate




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Abstract

The aim of this paper is to analyze the relationship between competition and growth in a model of human capital accumulation and research by disentangling themonopolistic mark-up in the intermediate goods sector and the returns to specialization in order to have a better measure of competition. We find that the steady-state outputgrowth rate depends on the parameters describing preferences, human capital accumulation technology and RandD activity. We also show that the relationship between competition and growth is inverse U shaped. This result that seems to be in line this empirical resultsAghion and Gri±th 2005 is explained by the resource allocation effect.



Item Type: MPRA Paper -

Original Title: Growth and Competition in a Model of Human Capital Accumulation and Research-

Language: English-

Keywords: Endogenous growth, Horizontal differentiation, Technological change, Imperfect competition, Human capital-

Subjects: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change ; Industrial Price IndicesO - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth ModelsJ - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor ProductivityO - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and IncentivesD - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market Imperfection-





Author: Bianco, Dominique

Source: https://mpra.ub.uni-muenchen.de/10913/



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