Dinopoulos, Elias; Thompson, Peter - In: Eastern Economic Journal 22 (1996) 4, pp. 389-400
We modify Romer's [1990] model of endogenous technological change, incorporating population growth, capital depreciation and diminishing returns to R&D, and removing scale effects. The steady-state of the model is characterized by a system of non-linear simultaneous equations in which income per...