Abstract
This paper proposes an economic growth model to analyze dynamic interdependence between capital and knowledge accumulation, government research policy and job amenity. The system consists of one production sector and one university. It is assumed that each person may obtain different levels of job amenity in the university and in the production sector. A typical consumer’s utility is dependent on the level of his job amenity, consumption level of commodity and wealth. The conditions for the existence of equilibria are provided. It is shown that the system may have either a unique equilibrium or multiple equilibria, depending on the research policy, the levels of job amenity and the creativity and knowledge utilization efficiency of the university and the production sector. We also examine the effects of changes in job amenity and government’s wage policy for scientists on the equilibrium economic structure.
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