Endogenous Cycles and Growth with Indivisible Technological Developments

When large, discrete technological improvements require the accumulation of research or infrastructural investment over time, growth paths display cyclical patterns even in the absence of any shocks. Particularly interesting equilibrium features of these cycles include declines in output and asymmetries in the cyclic patterns displayed during expansions and recessions. (Copyright: Elsevier)

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Year of publication:	1999
Authors:	Freeman, Scott ; Hong, Dong-Pyo ; Peled, Dan
Published in:	Review of Economic Dynamics. - Society for Economic Dynamics - SED. - Vol. 2.1999, 2, p. 402-432
Publisher:	Society for Economic Dynamics - SED

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Other identifiers:	10.1006/redy.1999.0058 [DOI]
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E32 - Business Fluctuations; Cycles ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005069656