caa a22 4500 463169344 CHVBK 20180406164808.0 cr unu---uuuuu 170326e20070801xx s 000 0 eng 10.1007/s10957-007-9258-1 doi (NATIONALLICENCE)springer-10.1007/s10957-007-9258-1 Impact of Technology Assimilation on Investment Policy: Dynamic Optimization and Econometric Identification [Elektronische Daten] [B. Ane, A. Tarasyev, C. Watanabe] The paper introduces a dynamic model of optimization of R&D intensity under the effect of technology assimilation. The model involves R&D investments, technology stock, production, and technology productivity as main variables. The model characterizes the "growth” and "decline” trends that describe the interaction between R&D investments and transformation process of production factors. The technology stock is constructed as a function of indigenous and exogenous technology stocks and their growth rates. The research focuses on the issue of a reasonable balance between the indigenous technology stock and assimilated technology flow. Econometric linearization of the technology assimilation effect is used to construct a reasonable optimal control model. The existence of the value function for the problem of the optimal economic growth on the infinite horizon is proved and the basic features of the value function are outlined. The property of strong invariance for the main proportions of the model such as technology productivity and R&D intensity is proved. The model is calibrated on the aggregate data of the Japanese automotive industry. Springer Science+Business Media, LLC, 2007 Economic growth nationallicence Optimal control problems nationallicence Value function nationallicence Strong invariance nationallicence Absorption capacity nationallicence Econometric characteristics nationallicence Ane B. Tokyo Institute of Technology, Tokyo, Japan aut Tarasyev A. Institute of Mathematics and Mechanics, Ekaterinburg, Russia aut Watanabe C. Tokyo Institute of Technology, Tokyo, Japan aut Journal of Optimization Theory and Applications Springer US; http://www.springer-ny.com 134/2(2007-08-01), 321-338 0022-3239 134:2<321 2007 134 10957 https://doi.org/10.1007/s10957-007-9258-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10957-007-9258-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Ane B. Tokyo Institute of Technology, Tokyo, Japan aut NATIONALLICENCE 700 1- Tarasyev A. Institute of Mathematics and Mechanics, Ekaterinburg, Russia aut NATIONALLICENCE 700 1- Watanabe C. Tokyo Institute of Technology, Tokyo, Japan aut NATIONALLICENCE 773 0- Journal of Optimization Theory and Applications Springer US; http://www.springer-ny.com 134/2(2007-08-01), 321-338 0022-3239 134:2<321 2007 134 10957 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer