Bianco, Dominique (2007): An Endogenous Growth Model with Embodied Technical Change without Scale Effects.
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In this paper, we extend the Romer90 model by introducing an embodied technological change and by removing the scale effects. We show that this model can still generate steady state growth in which the embodied technical change has an positive and permanent effect on growth in the long-run.
|Item Type:||MPRA Paper|
|Original Title:||An Endogenous Growth Model with Embodied Technical Change without Scale Effects|
|Keywords:||Endogenous growth, Information technology, Embodied technical change, Scale effects|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives
|Depositing User:||Dominique Bianco|
|Date Deposited:||04. Jan 2008 14:47|
|Last Modified:||18. Feb 2013 07:32|
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