Please use this identifier to cite or link to this item: http://hdl.handle.net/11328/777
Title: Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
Authors: Sochirca, Elena
Afonso, Óscar
Gil, Pedro Mazeda
Keywords: Vertical and horizontal R&D
Technological-knowledge bias
Industrial structure
Complementarities
Costly investment
Issue Date: 2013
Citation: Sochirca, E., Afonso, O., Gil, P. (2013). Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities. Economic Modelling, 32, 440-451.
Abstract: We develop an extended directed technological change model with vertical and horizontal R&D to analyze the economic growth rate, the technological-knowledge bias and the industrial structure, assuming: (i) complementarities between inter- mediate goods, and (ii) internal costly investment. We nd that complementarities directly a ect long-run technological-knowledge bias and relative production, both elements in uence the economic growth rate and neither a ect the skill premium and the relative number of rms. We also verify that the relationship between the relative supply of skills and both economic growth and the industrial structure suggested by our model is qualitatively consistent with recent empirical data for a number of developed countries.
URI: http://hdl.handle.net/11328/777
ISSN: 0264-9993
Appears in Collections:REMIT – Artigos em Revistas Internacionais / Papers in International Journals

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