Uncertainty-driven growth

研究成果: Article

5 被引用数 (Scopus)

抄録

In this paper, I present a model in which firm-level uncertainty raises aggregate productivity growth. The mechanism for this is learning-by-doing in the research sector: firms undertake research to reduce uncertainty, which results in social knowledge accumulation that improves the productivity of future research. The model explains the positive correlation between TFP growth and dispersion in manufacturing industries.

本文言語English
ページ(範囲)897-912
ページ数16
ジャーナルJournal of Economic Dynamics and Control
34
5
DOI
出版ステータスPublished - 2010 5 1

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

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