Technological Diffusion in the Uzawa-Lucas Model

This paper introduces technological diffusion in the standard Uzawa-Lucas endogenous growth model. We show that the model can be solved analytically in its log-linear approximation. There are three negative eigenvalues, which makes the model's dynamics relatively rich.

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Year of publication:	2010
Authors:	Duczynski, Petr
Published in:	Bulletin of the Czech Econometric Society. - Česká ekonometrická společnost - CES. - Vol. 17.2010
Publisher:	Česká ekonometrická společnost - CES
Subject:	Convergence \| Diffusion of technology \| Endogenous growth \| Human capital \| Physical capital

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Extent:	text/html
Type of publication:	Article
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008635629