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Investment, R and D and Long-run Growth
Dietmar Horning
€ 63.07
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Description for Investment, R and D and Long-run Growth
Paperback. This volume investigates the relation between investment, R&D, and long-run growth and surveys the literature on R&D-based growth. This survey is supplemented by a number of classifying tables. It also goes beyond the models of R&D-based growth by proposing a more comprehensive view. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 212 pages, biography. BIC Classification: KC; KFFM. Category: (P) Professional & Vocational. Dimension: 230 x 140 x 12. Weight in Grams: 320.
In the 1990s, growth theory has incorporated imperfect competition in its investigations. This innovation has proven to be seminal: Cleviating from growth models with perfect competition, the new framework featured forward looking entrepreneurs. Firms maximize profits intertemporarily, i. e. their in vestment leads to instantaneous sunk costs and offers flows of future profits. Firms finance this investment by launching shares. The capital market is per fectly competitive, implying that the return on a share is equal to the return on a bond. As opposed to the capital market, the goods market is imperfectly competitive. As a result of investment, firms ... Read more
In the 1990s, growth theory has incorporated imperfect competition in its investigations. This innovation has proven to be seminal: Cleviating from growth models with perfect competition, the new framework featured forward looking entrepreneurs. Firms maximize profits intertemporarily, i. e. their in vestment leads to instantaneous sunk costs and offers flows of future profits. Firms finance this investment by launching shares. The capital market is per fectly competitive, implying that the return on a share is equal to the return on a bond. As opposed to the capital market, the goods market is imperfectly competitive. As a result of investment, firms ... Read more
Product Details
Format
Paperback
Publication date
2001
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
212
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
196
Place of Publication
Berlin, Germany
ISBN
9783540425281
SKU
V9783540425281
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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