Title of article
Endogenous growth and multiplicity due to finite patents’ lifetime
Author/Authors
Didier Laussel، نويسنده , , Jules Nyssen، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1999
Pages
7
From page
167
To page
173
Abstract
Using a discrete-time model of endogenous growth with product quality improvements, inspired from Grossman and Helpman (1991), we show that assuming a finite lifetime for patents, instead of the usual infinitely lived ones, induces macroeconomic complementarities that may lead to three stationary equilibria.
Keywords
Multiple equilibria , Endogenous growth , Patents lifetime
Journal title
Economics Letters
Serial Year
1999
Journal title
Economics Letters
Record number
434700
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