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The paper presents a model of endogenous growth in which firms are modeled as boundedly-rational, locally interacting, agents. Firms produce a homogeneous good employing technologies located in an open-ended technological space and are allowed to either imitate existing, similar practices or to...
Persistent link: https://www.econbiz.de/10010328576
the fundamental (and still poorly understood) role played by innovation in the finance-growth nexus. …
Persistent link: https://www.econbiz.de/10011789774