The Effects of the Transportation Costs in R&D Technology Sector on the Endogenous Growth

다국어 초록 (Multilingual Abstract)

The paper centers on investigating theoretically how the transportation costs of R&D technology, none of the transportation costs in final goods and intermediate inputs, affect the long-run endogenous economic growth. The basic ideas adopted in this paper are different from well-known models in the sense that the prices of R&D technology are influenced by the transportation cost in R&D technology sector and the accumulated profit of the intermediate inputs over time is equal to the price of R&D technology, and thus the transportation costs indirectly influence the endogenous growth. That is, the larger are only the transportation costs of R&D technology, the higher is the price of R&D technology and the slower is endogenous economic growth.

목차 (Table of Contents)

• 1. INTRODUCTION
• 2. A THEORETICAL MODEL
• 2.1. Demand Function
• 2.2. The Production Technology of Final Goods Sector
• 2.3. The Production Technology of Intermediate Input Sector
• 2.4. The Production Technology of R&D Sector
• 3. LONG-RUN BALANCED GROWTH EQUILIBRIUM
• 4. DISCUSSION
• 5. CONCUDING REMARKS
• REFERENCES