R&D, Learning, and Phases of Economic Growth

24 Pages Posted: 15 Feb 2000

See all articles by Anders Sorensen

Anders Sorensen

Copenhagen Business School - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: November 12, 1999

Abstract

The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is below a threshold level, the model predicts that skills are accumulated as the only growth-generating activity, whereas both innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level of human capital reaches the threshold level, because it becomes profitable to innovate.

JEL Classification: O11, O33, I21

Suggested Citation

Sorensen, Anders, R&D, Learning, and Phases of Economic Growth (November 12, 1999). Available at SSRN: https://ssrn.com/abstract=205672 or http://dx.doi.org/10.2139/ssrn.205672

Anders Sorensen (Contact Author)

Copenhagen Business School - Department of Economics ( email )

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