Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities.
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Outros Autores: | , |
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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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.2014-06-13T11:01:33Z2014-06-132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/777http://hdl.handle.net/11328/777engSochirca, E., Afonso, O., Gil, P. (2013). Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities. Economic Modelling, 32, 440-451.0264-9993Sochirca, 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:RCAAP2023-11-16T02:12:16Zoai:repositorio.upt.pt:11328/777Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:41:18.058820Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
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 2014-06-13T11:01:33Z 2014-06-13 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/11328/777 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 |
Sochirca, E., Afonso, O., Gil, P. (2013). Technological-Knowledge Bias and the Industrial Structure under Costly Investment and Complementarities. Economic Modelling, 32, 440-451. 0264-9993 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
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 instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134976926547968 |