Autori:
Del Rio, Fernando ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
,
Licandro, Omar ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
,
Boucekkinne, Raouf ![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
Titolo:
Obsolescence and modernization in the growth processPeriodico:
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papersAnno:
2001 - Fascicolo:
18 - Pagina iniziale:
1 - Pagina finale:
20In this paper, an R&D based endogenous growth model is built up incorporating Schumpeterian growth and embodied technological progress. Under embodiment, long run growth is shown to be affected by the following effects: (i) obsolescence costs add to the user cost of capital, reducing the rearch effort; and (ii) the modernization of capital through investment raises the incentives to undertake research activities. Applied to the understanding of the growth enhancing role of both capital and R&D subsidies, we conclude that the positive effect of modernization more than compensate the negative effect of obsolescence.
Premi sulle icone
![](http://www.bncf.firenze.sbn.it/img/logo-bncf.jpg)
a fianco dei nomi per visualizzare i libri scritti dall'autore
X
Opere monografiche dal catalogo BNCF
Esportazione dati in Refworks (solo per utenti abilitati)
Record salvabile in Zotero