caa a22 4500 378898817 CHVBK 20180305123512.0 cr unu---uuuuu 161128e20040318xx s 000 0 eng 10.2202/1538-0653.1168 doi (NATIONALLICENCE)gruyter-10.2202/1538-0653.1168 Information Transmission and the Bounds to Growth [Elektronische Daten] [Guido Cozzi, Luca Spinesi] This paper studies the long run growth implications of the presence of information acquisition and transmission costs. We assume that vertical innovation requires researchers to be informed on the current version of the product they want to improve upon; and we also assume that quasi-fixed managerial inputs are required for production in the manufacturing sector. Despite the fact the increases in total factor productivity cause R&D and managerial quasi-fixed labor costs to decrease in the same way as variable labor costs, the presence of these costs is sufficient to rule out the strong scale effect at all levels of the intertemporal returns to ideas. More importantly, the upper bound of long run growth rates crucially depends on information transmission costs. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston 032 nationallicence 041 nationallicence R&D and Growth nationallicence Information and Communication Technologies nationallicence Scale Effect nationallicence Cozzi Guido University of Rome "La Sapienza”, guido.cozzi@durham.ac.uk aut Spinesi Luca E-mail: luca.spinesi@tin.it aut Topics in Economic Analysis & Policy De Gruyter 4/1(2004-03-18) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0653.1168 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0653.1168 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Cozzi Guido University of Rome "La Sapienza”, guido.cozzi@durham.ac.uk aut NATIONALLICENCE 700 1- Spinesi Luca E-mail: luca.spinesi@tin.it aut NATIONALLICENCE 773 0- Topics in Economic Analysis & Policy De Gruyter 4/1(2004-03-18) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter