Technological Diffusion in the Ramsey Model
AbstractThis paper introduces technological diffusion in the neoclassical growth model. A log-linearized approximation of the model is solved analytically. Due to the presence of two negative eigenvalues, the model's dynamics are richer than the dynamics of the basic neoclas-sical growth model.
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Bibliographic InfoArticle provided by College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan in its journal International Journal of Business and Economics.
Volume (Year): 1 (2002)
Issue (Month): 3 (December)
convergence; diffusion of technology; neoclassical growth;
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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