A Schumpeterian growth model: wealth and directed technological change

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Natural Resource Wealth and Directed Technical Change

This paper analyses the e¤ect of endogenous directed technical change in a resource-rich economy, embedding a version of Acemoglu’s model of directed technical change in a three-by-three trade theory model. Technical progress depends on entrepreneurs who either produce or adopt technology, and who endogenously choose which sector to operate in. The static e¤ect of a resource discovery is de-ind...

متن کامل

Growth, Development, and Technological Change

Growth, Development, and Technological Change The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important im...

متن کامل

Government Spending Composition in a Simple Model of Schumpeterian Growth

This paper investigates the relevance of government purchasing behavior for innovationbased economic growth. We construct a parsimonious Schumpeterian growth model in which demand from the public sphere can effectively alter the economy’s rate of technological change. We incorporate results of various empirical studies arguing that public sector demand acts as incentive for private innovation a...

متن کامل

Technological change, productivity growth, and unemployment

Constructing total factor productivity growth numbers free of the effects of business cycle variations is, as the large recent literature on the topic has shown, a difficult exercise. But the trend evolutions are clear. In most countries, TFP growth has been lower-often much lower-than it was before the mid-1970s. And the decrease in the underlying TFP growth rate appears to have been quite abr...

متن کامل

Growth, Cycles and Welfare: A Schumpeterian Perspective∗

We use a Schumpeterian model in which both the economy’s growth rate and its volatility are endogenously determined to assess some welfare and policy implications associated with business cycle ßuctuations. Because it features a higher average growth rate than its acyclical counterpart, steady— state welfare is higher along the cyclical equilibrium growth path of the model. We assess the impact...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: The Journal of Technology Transfer

سال: 2015

ISSN: 0892-9912,1573-7047

DOI: 10.1007/s10961-015-9410-2