An Endogenous Growth Model with Embodied Technical Change without Scale Effects

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.

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Year of publication:	2007-11-10
Authors:	Bianco, Dominique
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Endogenous growth \| Information technology \| Embodied technical change \| Scale effects

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O41 - One, Two, and Multisector Growth Models ; O31 - Innovation and Invention: Processes and Incentives
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005619766