An Endogenous Growth Model with Embodied Technical Change without Scale Effects

Bianco, Dominique (2007): An Endogenous Growth Model with Embodied Technical Change without Scale Effects.

Abstract

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
• Language: English
• Keywords: Endogenous growth, Information technology, Embodied technical change, Scale effects
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives

References

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