{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,4]],"date-time":"2026-04-04T17:19:03Z","timestamp":1775323143498,"version":"3.50.1"},"reference-count":40,"publisher":"Cambridge University Press (CUP)","issue":"7","license":[{"start":{"date-parts":[[2013,2,6]],"date-time":"2013-02-06T00:00:00Z","timestamp":1360108800000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/www.cambridge.org\/core\/terms"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Macroecon. Dynam."],"published-print":{"date-parts":[[2013,10]]},"abstract":"<jats:p>A negative or nonsignificant empirical correlation between aggregate R&amp;D intensity and the economic growth rate is a well-known fact in the empirical growth literature, but scarcely addressed in the theoretical growth literature. This paper develops an endogenous-growth~model that explores the interrelation~between horizontal and vertical R&amp;D under a lab-equipment specification that is consistent with that stylized fact. A key feature is that the growth rate is fully endogenous both on the intensive and on the extensive margin. Strong composition effects between horizontal and vertical R&amp;D, along both transition and the balanced-growth path, then emerge as the main mechanism producing those results. This setting also allows us to obtain a relationship between economic growth and firm dynamics that is consistent with the empirical facts.<\/jats:p>","DOI":"10.1017\/s1365100512000181","type":"journal-article","created":{"date-parts":[[2013,2,6]],"date-time":"2013-02-06T10:39:25Z","timestamp":1360147165000},"page":"1438-1466","source":"Crossref","is-referenced-by-count":24,"title":["GROWTH AND FIRM DYNAMICS WITH HORIZONTAL AND VERTICAL R&amp;D"],"prefix":"10.1017","volume":"17","author":[{"given":"Pedro Mazeda","family":"Gil","sequence":"first","affiliation":[]},{"given":"Paulo","family":"Brito","sequence":"additional","affiliation":[]},{"given":"Oscar","family":"Afonso","sequence":"additional","affiliation":[]}],"member":"56","published-online":{"date-parts":[[2013,2,6]]},"reference":[{"key":"S1365100512000181_ref36","doi-asserted-by":"publisher","DOI":"10.1017\/S1365100507060324"},{"key":"S1365100512000181_ref34","doi-asserted-by":"publisher","DOI":"10.2307\/2937946"},{"key":"S1365100512000181_ref33","doi-asserted-by":"publisher","DOI":"10.1016\/j.red.2006.12.001"},{"key":"S1365100512000181_ref32","doi-asserted-by":"publisher","DOI":"10.1111\/1468-0297.00732"},{"key":"S1365100512000181_ref31","doi-asserted-by":"publisher","DOI":"10.1007\/s10887-007-9023-1"},{"key":"S1365100512000181_ref30","doi-asserted-by":"publisher","DOI":"10.1023\/A:1009799405456"},{"key":"S1365100512000181_ref29","doi-asserted-by":"publisher","DOI":"10.1111\/1467-9442.t01-1-00008"},{"key":"S1365100512000181_ref28","doi-asserted-by":"publisher","DOI":"10.1016\/S0048-7333(99)00005-0"},{"key":"S1365100512000181_ref24","doi-asserted-by":"publisher","DOI":"10.1023\/A:1009826304308"},{"key":"S1365100512000181_ref23","doi-asserted-by":"publisher","DOI":"10.1086\/250076"},{"key":"S1365100512000181_ref22","first-page":"1","article-title":"Growth and firm dynamics with horizontal and vertical RandD.","volume":"356","author":"Gil","year":"2010","journal-title":"FEP Working Papers"},{"key":"S1365100512000181_ref20","doi-asserted-by":"publisher","DOI":"10.1016\/0167-7187(95)00498-X"},{"key":"S1365100512000181_ref19","doi-asserted-by":"publisher","DOI":"10.1016\/j.red.2009.02.004"},{"key":"S1365100512000181_ref18","first-page":"495","article-title":"Growth cycles.","volume":"88","author":"Evans","year":"1998","journal-title":"American Economic Review"},{"key":"S1365100512000181_ref17","doi-asserted-by":"publisher","DOI":"10.1016\/j.jmacro.2007.04.003"},{"key":"S1365100512000181_ref38","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-2354.2007.00425.x"},{"key":"S1365100512000181_ref9","doi-asserted-by":"publisher","DOI":"10.1086\/261914"},{"key":"S1365100512000181_ref8","doi-asserted-by":"publisher","DOI":"10.1007\/s11187-006-0014-y"},{"key":"S1365100512000181_ref5","doi-asserted-by":"publisher","DOI":"10.1016\/0022-0531(92)90060-U"},{"key":"S1365100512000181_ref26","doi-asserted-by":"publisher","DOI":"10.1007\/s10887-006-9004-9"},{"key":"S1365100512000181_ref4","doi-asserted-by":"publisher","DOI":"10.1016\/j.respol.2008.08.008"},{"key":"S1365100512000181_ref10","doi-asserted-by":"publisher","DOI":"10.1006\/redy.1998.0009"},{"key":"S1365100512000181_ref21","doi-asserted-by":"publisher","DOI":"10.1016\/j.rie.2009.11.001"},{"key":"S1365100512000181_ref39","doi-asserted-by":"publisher","DOI":"10.1016\/j.jedc.2008.03.009"},{"key":"S1365100512000181_ref15","doi-asserted-by":"publisher","DOI":"10.1023\/A:1009711822294"},{"key":"S1365100512000181_ref11","doi-asserted-by":"publisher","DOI":"10.1016\/0304-3878(95)00052-6"},{"key":"S1365100512000181_ref13","volume-title":"Piecewise-Smooth Dynamical Systems. 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