Template-type: ReDIF-Paper 1.0
Author-Name: Ziesemer, Thomas
Author-Email: ziesemer@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: Semi-endogenous growth models with domestic and foreign private and public R&D 
	 linked to VECMs 
Abstract: We present semi-endogenous growth models with total-factor productivity 
	 as functions of domestic and foreign private and public R&D. In a small 
	 country case with a Cobb-Douglas TFP production function, foreign R&D 
	 drives steady-state growth and the production function can be a 
	 long-term relation in a vector-error-correction model. Marginal 
	 productivity conditions can be long-term relations for a 
	 vector-error-correction model if the functional form is of a 
	 Cobb-Douglas type or a CES function generalised to a VES function. In 
	 case of a VES function, steady states exist only for special cases of 
	 parameter restrictions.
Classification-JEL: O38, O40, O41, H54, H87
Keywords: Productivity, endogenous (un)balanced growth, public R&D expenditure,
	 foreign spillover
Series: UNU-MERIT Working Papers
Creation-Date: 20190802
Number: 2019-025
File-URL: https://unu-merit.nl/publications/wppdf/2019/wp2019-025.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2019025