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

Published online by Cambridge University Press:  18 November 2011

Manuel A. Gómez  and
Tiago Neves Sequeira
Manuel A. Gómez
Affiliation:
Universidad de A Coruña
Tiago Neves Sequeira*
Affiliation:
Universidade da Beira Interior (DGE and CEFAGE-UBI) and INOVA, Universidade Nova de Lisboa
*
Address correspondence to: Tiago Neves Sequeira, Departamento de Gestão e Economia, Universidade da Beira Interior, 6200-001 Covilhã, Portugal; e-mail: sequeira@ubi.pt.
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Abstract

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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.

Keywords

StabilityTransitional DynamicsR&D Spillovers
Type
Notes
Information
Macroeconomic Dynamics , Volume 16 , Issue 4 , September 2012 , pp. 657 - 659
Copyright
Copyright © Cambridge University Press 2011

References

REFERENCE

Sequeira, Tiago N. (2011) R&D spillovers in an endogenous growth model with physical capital, human capital, and varieties. Macroeconomic Dynamics 15 (2), 223–239.CrossRefGoogle Scholar