Knowledge licensing in a model of R&D-driven endogenous growth
نویسندگان
چکیده
منابع مشابه
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Knowledge, consumption, and endogenous growth
In neoclassical theory, knowledge generates increasing returns – and therefore growth – because it is a public good that can be costlessly reused once created. In fact, however, much knowledge in the economy is actually tacit and not easily transmitted –and thus not an obvious source of increasing returns. Several writers have responded to this alarming circumstances by affirming hopefully that...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2016
ISSN: 1935-1690,2194-6116
DOI: 10.1515/bejm-2015-0132