A NOTE ON R&D SPILLOVERS IN AN ENDOGENOUS GROWTH MODEL WITH PHYSICAL CAPITAL, HUMAN CAPITAL, AND VARIETIES

A NOTE ON R&D SPILLOVERS IN AN ENDOGENOUS GROWTH MODEL WITH PHYSICAL CAPITAL, HUMAN CAPITAL, AND VARIETIES

This note shows that Lemma 3 in the paper by Tiago N. Sequeira [R&D spillovers in an endogenous growth model with physical capital, human capital and varieties, Macroeconomic Dynamics (2011)] is insufficient to guarantee stability and provides an alternative sufficient condition for stability.

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Veröffentlicht in:Macroeconomic dynamics 2012-09, Vol.16 (4), p.657-659
Hauptverfasser: Gómez, Manuel A., Sequeira, Tiago Neves
Format: Artikel
Sprache:eng
Schlagworte:
Economic models
Economic stabilization
Economic theory
Growth models
Human capital
Macroeconomics
Studies
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Zusammenfassung:This note shows that Lemma 3 in the paper by Tiago N. Sequeira [R&D spillovers in an endogenous growth model with physical capital, human capital and varieties, Macroeconomic Dynamics (2011)] is insufficient to guarantee stability and provides an alternative sufficient condition for stability.
ISSN:1365-1005
1469-8056
DOI:10.1017/S1365100510000684