English, Article, Journal or magazine article edition: Vertical diversity and equilbrium growth Satya P. Das

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Bookmark: http://trove.nla.gov.au/version/4996
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Vertical diversity and equilbrium growth
Author
  • Satya P. Das
Physical Description
  • preprint
Notes
  • This paper examines the effect of an increase in vertical diversity in workers' skill on the long run growth rate of an economy. It uses a two-secror model where the techonology of the consumption-good sector is supermodular and that of the R&​D sector is submodular. By adopting Grossman and Maggi's(2000) model to a framework of growth based on R&​D, it shows first that diversity is condutive to growth. As the main innovation, communication gap is introduced among workers. It is then shown that growth may not be increasing with diversity. There may be an inverse-U shaped relationship.
  • Diversity, talent distribution, supermodular technology, submodular technology, growth, skill, R&​D, innovations
  • RePEc:ind:isipdp:04-18
Language
  • English
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