Advanced Search
MyIDEAS: Login to save this paper or follow this series

Numerical Analysis of Some Innovation-Adoption Models with State-Dependent Lags

Contents:

Author Info

  • E. Bengoechea

    ()
    (Universidad Carlos III de Madrid)

  • R. Boucekkine

    ()
    (Universite Catholique de Louvain)

Abstract

In this paper, we introduce adoption/gestation lags in some standard growth models with a vintage capital structure. The diffusion of innovations is not immediate, and this can be modeled using adoption lags. Adoption lags are specified according to Nelson and Phelps (1966), AER. In particular, adoption lags are taken state-dependent: they are indeed modeled as functions of some proxies of the aggregate human capital of the economies under consideration. We show that the modified models can be written as systems of delay differential equations or integro-delay differential equations. By construction, the delays are state-dependent. To solve the models, we use a version of the methods of steps. Concretely, we use the ARCHI code written by Paul for state-dependent delays systems. Particular attention has been paid to the ability of this code to handle non-differentiabilities in the solution paths, a feature inherent to vintage capital models.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 1999 with number 1222.

as in new window
Length:
Date of creation: 01 Mar 1999
Date of revision:
Handle: RePEc:sce:scecf9:1222

Contact details of provider:
Postal: CEF99, Boston College, Department of Economics, Chestnut Hill MA 02467 USA
Fax: +1-617-552-2308
Web page: http://fmwww.bc.edu/CEF99/
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:sce:scecf9:1222. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.