Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.

Detalhes bibliográficos
Autor(a) principal: Sochirca, Elena
Data de Publicação: 2013
Outros Autores: Afonso, Óscar, Gil, Pedro Mazeda
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/777
Resumo: 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.
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spelling Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.Vertical and horizontal R&DTechnological-knowledge biasIndustrial structureComplementaritiesCostly investmentWe 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.2014-06-13T11:01:33Z2013-01-01T00:00:00Z2013info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/777eng0264-9993Sochirca, ElenaAfonso, ÓscarGil, Pedro Mazedainfo:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-06-15T02:09:02ZPortal AgregadorONG
dc.title.none.fl_str_mv Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
title Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
spellingShingle Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
Sochirca, Elena
Vertical and horizontal R&D
Technological-knowledge bias
Industrial structure
Complementarities
Costly investment
title_short Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
title_full Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
title_fullStr Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
title_full_unstemmed Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
title_sort Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
author Sochirca, Elena
author_facet Sochirca, Elena
Afonso, Óscar
Gil, Pedro Mazeda
author_role author
author2 Afonso, Óscar
Gil, Pedro Mazeda
author2_role author
author
dc.contributor.author.fl_str_mv Sochirca, Elena
Afonso, Óscar
Gil, Pedro Mazeda
dc.subject.por.fl_str_mv Vertical and horizontal R&D
Technological-knowledge bias
Industrial structure
Complementarities
Costly investment
topic Vertical and horizontal R&D
Technological-knowledge bias
Industrial structure
Complementarities
Costly investment
description 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.
publishDate 2013
dc.date.none.fl_str_mv 2013-01-01T00:00:00Z
2013
2014-06-13T11:01:33Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/11328/777
url http://hdl.handle.net/11328/777
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0264-9993
dc.rights.driver.fl_str_mv info:eu-repo/semantics/embargoedAccess
eu_rights_str_mv embargoedAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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