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A Comment on Innovation in 'The Environment and Directed Technical Change'

Wiskich, Anthony - 2019

The framework used to endogenise technology growth by Acemoglu, Aghion, Bursztyn, and Hemous (2012), hereafter AABH, allows the existence of unstable equilibria and does not provide a rationale for specifying which equilibrium should apply when more than one exists. This paper: (i) suggests a...

Persistent link: https://www.econbiz.de/10012862348