Leung, Charles Ka-Yui; Tang, Sam Hak Kan; Groenewold, … - Chinese University of Hong Kong, Department of Economics - 2005
Recent empirical evidence demonstrates that a higher level of technical progress is associated with a lower level of growth volatility and higher expected economic growth. This paper builds a simple growth model which combines the insights of Angeletos and Kollintzas (2000) and Tse (2000, 2001,...
