Sochirca, Elena; Afonso, Óscar; Gil, Pedro Mazeda - In: Economic Modelling 32 (2013) C, pp. 440-451
We develop an extended directed technological change model with vertical and horizontal R&D to analyze the economic growth rate, the technological-knowledge bias and the industrial structure, assuming: (i) complementarities between intermediate goods, and (ii) internal costly investment. We find...