Technological Diffusion in the Ramsey Model

This paper introduces technological diffusion in the neoclassical growth model. A log-linearized approximation of the model is solved analytically. Due to the presence of two negative eigenvalues, the model's dynamics are richer than the dynamics of the basic neoclas-sical growth model.

MoreLess

Year of publication:	2002
Authors:	Duczynski, Petr
Published in:	International Journal of Business and Economics. - College of Business, ISSN 1607-0704. - Vol. 1.2002, 3, p. 243-250
Publisher:	College of Business
Subject:	convergence \| diffusion of technology \| neoclassical growth

More details

Extent:	application/pdf text/html
Type of publication:	Article
Classification:	O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010837244