Napasintuwong Artachinda, Orachos - Faculty of Economics, Kasetsart University - 2011
of technology monopolists. The directed technical change model is developed and applied to agricultural sector. Given a … technical change model developed by Acemoglu (2002, 2007, 2009) endogenizes investment on research and explains the incentives …. While the induced innovation relies heavily on the change of relative factor price on biased technical change, the directed …