Endogenous production of R&D and stable economic development

Jan Rouwendal, Peter Nijkamp

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Changes in production technology are usually a result of R&D efforts. In this paper a model is presented in which technological change emanates from production factors used for R&D. The model consists of two production sectors, one concerned with the production of consumption and investment goods, the other with that of new technologies. By means of this model we analyse the impact of R&D on the level of immediate income and the efficient allocation of production factors over both sectors. Furthermore, the existence of a steady state in this model is examined. It turns out that such a state is only possible under restrictive conditions.

Original languageEnglish
Pages (from-to)202-216
Number of pages15
JournalDe Economist
Volume137
Issue number2
DOIs
Publication statusPublished - 1 Jun 1989

Fingerprint

Economic development
Technological change
Factors
Production technology
Income
Efficient allocation
Factors of production

Cite this

Rouwendal, Jan ; Nijkamp, Peter. / Endogenous production of R&D and stable economic development. In: De Economist. 1989 ; Vol. 137, No. 2. pp. 202-216.
@article{aeb4b42dba2b4253bf118f50e52c1cea,
title = "Endogenous production of R&D and stable economic development",
abstract = "Changes in production technology are usually a result of R&D efforts. In this paper a model is presented in which technological change emanates from production factors used for R&D. The model consists of two production sectors, one concerned with the production of consumption and investment goods, the other with that of new technologies. By means of this model we analyse the impact of R&D on the level of immediate income and the efficient allocation of production factors over both sectors. Furthermore, the existence of a steady state in this model is examined. It turns out that such a state is only possible under restrictive conditions.",
author = "Jan Rouwendal and Peter Nijkamp",
year = "1989",
month = "6",
day = "1",
doi = "10.1007/BF01460321",
language = "English",
volume = "137",
pages = "202--216",
journal = "Economist",
issn = "0013-063X",
publisher = "Springer Netherlands",
number = "2",

}

Endogenous production of R&D and stable economic development. / Rouwendal, Jan; Nijkamp, Peter.

In: De Economist, Vol. 137, No. 2, 01.06.1989, p. 202-216.

Research output: Contribution to JournalArticleAcademicpeer-review

TY - JOUR

T1 - Endogenous production of R&D and stable economic development

AU - Rouwendal, Jan

AU - Nijkamp, Peter

PY - 1989/6/1

Y1 - 1989/6/1

N2 - Changes in production technology are usually a result of R&D efforts. In this paper a model is presented in which technological change emanates from production factors used for R&D. The model consists of two production sectors, one concerned with the production of consumption and investment goods, the other with that of new technologies. By means of this model we analyse the impact of R&D on the level of immediate income and the efficient allocation of production factors over both sectors. Furthermore, the existence of a steady state in this model is examined. It turns out that such a state is only possible under restrictive conditions.

AB - Changes in production technology are usually a result of R&D efforts. In this paper a model is presented in which technological change emanates from production factors used for R&D. The model consists of two production sectors, one concerned with the production of consumption and investment goods, the other with that of new technologies. By means of this model we analyse the impact of R&D on the level of immediate income and the efficient allocation of production factors over both sectors. Furthermore, the existence of a steady state in this model is examined. It turns out that such a state is only possible under restrictive conditions.

UR - http://www.scopus.com/inward/record.url?scp=19544384450&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=19544384450&partnerID=8YFLogxK

U2 - 10.1007/BF01460321

DO - 10.1007/BF01460321

M3 - Article

VL - 137

SP - 202

EP - 216

JO - Economist

JF - Economist

SN - 0013-063X

IS - 2

ER -