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Capital maintenance Vs technology adoption under embodied technical progress

BOUCEKKINE, Raouf; MARTINEZ, Blanca; SAGLAM, Cagri - Center for Operations Research and Econometrics (CORE), … - 2006

either to production, technology adoption or capital maintenance. Technological progress is partly embodied. Adoption labor … maintenance in business fluctuations: in the short run, the response of the model to transitory shocks on total factor … productivity in the final good sector are definitely much sharper compared to the counterpart model without maintenance but with …

Persistent link: https://www.econbiz.de/10005042981

Capital Maintenance versus Technology Adoption Under Embodied Technical Progress

Boucekkine, Raouf; Martínez, Blanca; Saglam, Cagri - In: Contributions to Macroeconomics 6 (2006) 1, pp. 1376-1376

Persistent link: https://www.econbiz.de/10005046536

Vintage Capital, Optimal Investment and Technology Adoption

Benteng, ZOU - Institut de Recherche Économique et Sociale (IRES), … - 2003

In this paper, we study a vintage capital model under a general equilibrium setting. In this model firms can invest not only on a new vintage capital goods, but also on existing ones. We show that the capital accumulation is a single hum-shape function, featuring slow technology diffusion.

Persistent link: https://www.econbiz.de/10004985055

Information technologies, embodiment and growth

Boucekkine, Raouf; de la Croix, David - In: Journal of Economic Dynamics and Control 27 (2003) 11, pp. 2007-2034

This paper studies the conditions under which an IT revolution may occur and have permanent effects on long-term growth. To this end, we construct a multi-sectoral growth model with endogenous embodied technical progress. The R&D sector expands the range of softwares. The capital sector produces...

Persistent link: https://www.econbiz.de/10010870999

Technological Progress, Obsolescence and Depreciation

Raouf, BOUCEKKINE; Fernando, DEL RIO; Blanca, MARTINEZ - Institut de Recherche Économique et Sociale (IRES), … - 2006

maintenance costs. We study the properties of the balanced growth paths. First, we show that the lifetime of capital is an …

Persistent link: https://www.econbiz.de/10004984713

Vintage Capital and the Dynamics of the AK Model

Boucekkine, Raouf; Licandro, Omar; Puch, Luis A.; del … - Institut de Recherche Économique et Sociale (IRES), … - 1999

This paper analyzes the equilibrium dynamics of an AK-type endogenous growth model with vintage capital. The inclusion … of vintage capital leads to oscillatory dynamics governed by replacement echoes, which additionally influence the … convergence properties and the dynamics of the model we develop analytical and numerical methods that should be of interest for …

Persistent link: https://www.econbiz.de/10004984982

Information technologies, embodiment and growth

de la Croix, David; Boucekkine, Raouf - Institut de Recherche Économique et Sociale (IRES), … - 2000

This paper studies the conditions under which an IT revolution may endogenously occur. To this end, we construct an endogenous growth multisectoral model with a preeminent IT sector. Technological progress is embodied : New softwares can only be run on the most recent generations and hardware....

Persistent link: https://www.econbiz.de/10004985188

A Schumpeterian Vintage Capital Model: An Attempt at Synthesis

Boucekkine, Raouf; del Rio, Fernando; Licandro, Omar - Institut de Recherche Économique et Sociale (IRES), … - 2000

In this paper, we build up a general equilibrium model explicitly incorporating Schumpeterian growth à la Aghion and Howitt (1992) and a vintage capital structure in line with Solow (1960). In this set-up, we show that the investment rate is a fundamental determinant of the profitability of...

Persistent link: https://www.econbiz.de/10004985201

Technological Shocks and IT Revolutions

BOUCEKKINE, Raouf; CROIX, David DE LA; VAILAKIS, Yiannis - Institut de Recherche Économique et Sociale (IRES), … - 2002

We investigate and interpret sorne of the properties of a multi-sectoral growth model with endogenous embodied technical change in the light of the ongoing debate on the viability of an IT based growth regime. In particular. we illustrate the two main views of the 1995-2000 IT boom in the USA....

Persistent link: https://www.econbiz.de/10004985493

Technological progress obsolescence and depreciation

BOUCEKKINE, Raouf; DEL RIO, Fernando; MARTINEZ, Blanca - Center for Operations Research and Econometrics (CORE), … - 2006

maintenance costs. We study the properties of the balanced growth paths. First, we show that the lifetime of capital is an …

Persistent link: https://www.econbiz.de/10005043638