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Year of publication
Subject
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Endogenous growth 1 evolutionary dynamics 1 learning with bounded rationality 1
Type of publication
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Book / Working Paper 1
Language
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Undetermined 1
Author
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Silverberg, Gerald 1 Yildizoglu, Murat 1
Institution
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Groupe de Recherche en Économie Théorique et Appliquée (GREThA), Université de Bordeaux 1
Published in...
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Working Papers / Groupe de Recherche en Économie Théorique et Appliquée (GREThA), Université de Bordeaux 1
Source
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RePEc 1
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An Evolutionary Interpretation of the Aghion & Howitt (1992) Model
Silverberg, Gerald; Yildizoglu, Murat - Groupe de Recherche en Économie Théorique et … - 2002
We test the robustness of the main growth mechanisms of the original Aghion & Howitt model by relaxing two central assumptions: the homogeneity of the agents and perfect foresight. To this end, we introduce boundedly rational firms in the R&D sector that are capable of learning. Our first...
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