A dynamic linear economy with characteristic-based endogenous technical coefficients

We develop a characteristic-based model for the endogenous determination of technical coefficients in a linear economy and use it to describe the dynamics of the economy as driven by changes in knowledge. The use of the characteristic approach to determine technical coefficients makes our model suitable to be interpreted as a first attempt towards the formulation of a formal knowledge-based model of technology.

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Year of publication:	2012
Authors:	D’Agata, Antonio ; Mori, Kenji
Published in:	Structural Change and Economic Dynamics. - Elsevier, ISSN 0954-349X. - Vol. 23.2012, 3, p. 195-204
Publisher:	Elsevier
Subject:	Technology \| Technological change \| Classical approach to price and distribution

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Type of publication:	Article
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D20 - Production and Organizations. General ; O30 - Technological Change; Research and Development. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594708