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Technology adoption and accumulation in a vintage-capital model

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  • Emilio Barucci

    ()

  • Fausto Gozzi

    ()

Abstract

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File URL: http://hdl.handle.net/10.1007/BF01231214
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Bibliographic Info

Article provided by Springer in its journal Journal of Economics Zeitschrift für Nationalökonomie.

Volume (Year): 74 (2001)
Issue (Month): 1 (February)
Pages: 1-38

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Handle: RePEc:kap:jeczfn:v:74:y:2001:i:1:p:1-38

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Web page: http://www.springerlink.com/link.asp?id=108909

Related research

Keywords: capital accumulation; heterogeneous capital goods; vintage; learning by doing; technology adoption; C61; C62; E22;

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Alwyn Young, 1993. "Substitution and Complementarity in Endogenous Innovation," NBER Working Papers 4256, National Bureau of Economic Research, Inc.
  2. Simon Gilchrist & John C. Williams, 2000. "Putty-Clay and Investment: A Business Cycle Analysis," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 928-960, October.
  3. Boyan Jovanovic & Glenn MacDonald, 1994. "Competitive Diffusion," NBER Working Papers 4463, National Bureau of Economic Research, Inc.
  4. Young, Alwyn, 1993. "Invention and Bounded Learning by Doing," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 443-72, June.
  5. Mitra, Tapan & Ray, Debraj & Roy, Rahul, 1991. "The economics of orchards: An exercise in point-input, flow-output capital theory," Journal of Economic Theory, Elsevier, vol. 53(1), pages 12-50, February.
  6. Paul Romer, 1991. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  7. Raouf Boucekkine & David de la Croix & Omar Licandro, 2006. "Vintage Capital," Economics Working Papers ECO2006/8, European University Institute.
  8. Grossman, G.M. & Helpman, E., 1989. "Quality Ledders In The Theory Of Growth," Papers 148, Princeton, Woodrow Wilson School - Public and International Affairs.
  9. Mitra, Tapan & Wan, Henry Jr., 1986. "On the faustmann solution to the forest management problem," Journal of Economic Theory, Elsevier, vol. 40(2), pages 229-249, December.
  10. Boucekkine, R. & Germain, M. & Licandro, O., . "Replacement echoes in the vintage capital growth model," CORE Discussion Papers RP -1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  11. Jovanovic, Boyan & Rob, Rafael, 1989. "The Growth and Diffusion of Knowledge," Review of Economic Studies, Wiley Blackwell, vol. 56(4), pages 569-82, October.
  12. Grossman, G.M. & Helpman, E., 1989. "Quality Ladders And Product Cycles," Papers 39-89, Tel Aviv.
  13. Stephen L. Parente, 1995. "A model of technology adoption and growth," Economic Theory, Springer, vol. 6(3), pages 405-420.
  14. Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August.
  15. Young, Alwyn, 1993. "Substitution and Complementarity in Endogenous Innovation," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 775-807, August.
  16. Judd, Kenneth L, 1985. "On the Performance of Patents," Econometrica, Econometric Society, vol. 53(3), pages 567-85, May.
  17. Macdonald, G.M., 1988. "Competitive Diffusion," University of Chicago - Economics Research Center 88-10, Chicago - Economics Research Center.
  18. Barucci, Emilio & Gozzi, Fausto, 1998. "Investment in a vintage capital model," Research in Economics, Elsevier, vol. 52(2), pages 159-188, June.
  19. Mitra, Tapan & Wan, Henry Y, Jr, 1985. "Some Theoretical Results on the Economics of Forestry," Review of Economic Studies, Wiley Blackwell, vol. 52(2), pages 263-82, April.
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Citations

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Cited by:
  1. Fabbri, Giorgio & Gozzi, Fausto & Swiech, Andrzej, 2007. "Verification theorem and construction of epsilon-optimal controls for control of abstract evolution equations," MPRA Paper 3547, University Library of Munich, Germany.
  2. BOUCEKKINE, Raouf & DE LA CROIX, David & LICANDRO, Omar, . "Modelling vintage structures with DDEs: principles and applications," CORE Discussion Papers RP -1758, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Fabbri, Giorgio & Iacopetta, Maurizio, 2007. "Dynamic Programming, Maximum Principle and Vintage Capital," MPRA Paper 5115, University Library of Munich, Germany.
  4. Zou, Benteng, 2006. "Vintage technology, optimal investment and technology adoption," Economic Modelling, Elsevier, vol. 23(3), pages 515-533, May.
  5. Fabbri, Giorgio & Gozzi, Fausto, 2008. "Solving optimal growth models with vintage capital: The dynamic programming approach," Journal of Economic Theory, Elsevier, vol. 143(1), pages 331-373, November.
  6. Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2001. "Dynamic Investment Behavior Taking into Account Ageing of the Capital Good," Discussion Paper 2001-13, Tilburg University, Center for Economic Research.
  7. Kredler, Matthias, 2014. "Vintage human capital and learning curves," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 154-178.
  8. Fabbri, Giorgio & Gozzi, Fausto, 2006. "Vintage Capital in the AK growth model: a Dynamic Programming approach. Extended version," MPRA Paper 7334, University Library of Munich, Germany.
  9. Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2006. "Anticipation effects of technological progress on capital accumulation: a vintage capital approach," Journal of Economic Theory, Elsevier, vol. 126(1), pages 143-164, January.
  10. Silvia Faggian, 2008. "Equilibrium Points for Optimal Investment with Vintage Capital," Working Papers 182, Department of Applied Mathematics, Università Ca' Foscari Venezia.
  11. Giorgio Fabbri & Silvia Faggian & Giuseppe Freni, 2014. "On The Mitra-Wan Forest Management Problem in Continuous Time," Documents de recherche 14-04, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  12. Maryam Asghari, 2010. "The Stringency of Environmental Regulations and Technological Change: A Specific Test of the Porter Hypothesis," Iranian Economic Review, Economics faculty of Tehran university, vol. 15(3), pages 95-115, fall.
  13. Goetz, Renan-Ulrich & Hritonenko, Natali & Yatsenko, Yuri, 2008. "The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 3032-3053, September.
  14. Prskawetz, Alexia & Veliov, Vladimir M., 2007. "Age-specific dynamic labor demand and human capital investment," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3741-3777, December.
  15. Silvia Faggian & Luca Grosset, 2013. "Optimal advertising strategies with age-structured goodwill," Computational Statistics, Springer, vol. 78(2), pages 259-284, October.

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