Technological Diffusion in the Uzawa-Lucas Model
AbstractThis paper introduces technological diffusion in the standard Uzawa-Lucas endogenous growth model. We show that the model can be solved analytically in its log-linear approximation. There are three negative eigenvalues, which makes the model's dynamics relatively rich.
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Bibliographic InfoArticle provided by The Czech Econometric Society in its journal Bulletin of the Czech Econometric Society.
Volume (Year): 17 (2010)
Issue (Month): 27 ()
Convergence; Diffusion of technology; Endogenous growth; Human capital; Physical capital;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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