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The Quality Ladder Model

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The Quality Ladder Model 



The following was implemented in Maple by Marcus Davidsson (2009)

and is based up the work by Barro & Sala-i-Martin (2005) Economic Growth







1) Profits for a Research Firm Monopoly 






2) Percentage Growth Rate of Consumption 







3) Percentage Growth Rate of Goods Quality 







4) Probability of Research Success 






5) Consumption, Goods Quality and Output in the Equilibrium