Technological-knowledge bias and the industrial structure under costly investment and complementarities

• Tipo: Artigo em Revista Científica Internacional
• Data: 2013

Autores

sochirca, e (Autor) Outra; afonso, o (Autor) FEP; gil, pm (Autor) FEP

Revista

Título: Economic Modelling

Vol. 32

Páginas: 440-451

ISSN: 0264-9993

Editora: Elsevier

Indexação

ISI Web of Knowledge - 6 Citações

Scopus - 6 Citações

Outras Informações

ID Authenticus: P-005-0X6

DOI: 10.1016/j.econmod.2013.02.037

Abstract (EN): 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 intermediate goods, and (ii) internal costly investment. We find that complementarities directly affect long-run technological-knowledge bias and relative production, both elements influence the economic growth rate and neither affects the skill premium and the relative number of firms. 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.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 12