Scandinavian Working Papers in Economics
Memorandum,
Oslo University, Department of Economics
No 23/1998: Empirical Patterns of Firm Growth and R&D Investment: a Quality Ladder Model Interpretation.
T.J. Klette and Z. Griliches
Abstract: We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth literature, but also on the literature on patent races and the discrete choice models of product differentiation.
Keywords: ECONOMIC GROWTH; RESEARCH AND DEVELOPMENT; INNOVATIONS
27 pages, 1998
Full text files
Memo-22-1998.pdf
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