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

On the transition dynamics in endogenous recombinant growth models

Contents:

Author Info

  • Privileggi, Fabio

    ()

Abstract

This paper constitutes a first attempt at studying the transition dynamics of the Tsur and Zemel (2007) continuous time endogenous growth framework in which knowledge evolves according to the Weitzman (1998) recombinant process. For a specific choice of the probability function characterizing the Weitzman recombinant process, we find a suitable transformation for the state and control variables in the dynamical system diverging to asymptotic constant growth, so that an equivalent 'detrended' system converging to a steady state in the long run can be tackled. Since the dynamical system obtained so far turns out to be analytically intractable, we rely on numerical simulation in order to fully describe the transition dynamics for a set of values of the parameters.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://polis.unipmn.it/pubbl/RePEc/uca/ucapdv/privileggi128.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Institute of Public Policy and Public Choice - POLIS in its series POLIS Working Papers with number 120.

as in new window
Length: 36 pages
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:uca:ucapdv:120

Contact details of provider:
Web page: http://polis.unipmn.it

Related research

Keywords: Knowledge Production; Recombinant Expansion Process; Endogenous Balanced Growth; Turnpike; Transition Dynamics;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
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.:
as in new window
  1. BOUCEKKINE, Raouf & RUIZ-TAMARIT, José Ramon, . "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," CORE Discussion Papers RP -2003, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Mulligan, Casey B & Sala-i-Martin, Xavier, 1993. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 739-73, August.
  3. Tsur, Yacov & Zemel, Amos, 2007. "Towards endogenous recombinant growth," Journal of Economic Dynamics and Control, Elsevier, vol. 31(11), pages 3459-3477, November.
  4. Ippoliti, Roberto, 2008. "L'incentivazione economica nei problemi di agenzia: il caso dell'Azienda Sanitaria Pubblica," POLIS Working Papers 108, Institute of Public Policy and Public Choice - POLIS.
  5. Ferris, J. Stephen & Park, Soo-Bin & Winer, Stanley L., 2008. "Studying the role of political competition in the evolution of government size over long horizons," POLIS Working Papers 111, Institute of Public Policy and Public Choice - POLIS.
  6. Zanola, Roberto, 2008. "Who likes circus animals?," POLIS Working Papers 115, Institute of Public Policy and Public Choice - POLIS.
  7. Matteo Migheli, 2012. "Assessing Trust Through Social Capital? A Possible Experimental Answer," American Journal of Economics and Sociology, Wiley Blackwell, vol. 71(2), pages 298-327, 04.
  8. Cavaleri, Pietro & Keren, Michael & Ramello, Giovanni B. & Valli, Vittorio, 2009. "Publishing an E-journal on a shoe string: Is it a sustainaible project?," POLIS Working Papers 118, Institute of Public Policy and Public Choice - POLIS.
  9. Brosio, Giorgio & Zanola, Roberto, 2008. "The welfare costs of national standards: a contribution to the debate on the outcomes of de/centralization," POLIS Working Papers 113, Institute of Public Policy and Public Choice - POLIS.
  10. Casey B. Mulligan & Xavier Sala-i-Martin, 1991. "A Note on the Time-Elimination Method For Solving Recursive Dynamic Economic Models," NBER Technical Working Papers 0116, National Bureau of Economic Research, Inc.
  11. Ortona, Guido & Ottone, Stefania & Ponzano, Ferruccio & Scacciati, Francesco, 2008. "Some differences in revealed behaviour under different inquiry methods," POLIS Working Papers 112, Institute of Public Policy and Public Choice - POLIS.
  12. Giuranno, Michele, 2008. "Regional income disparity and the size of the Public Sector," POLIS Working Papers 114, Institute of Public Policy and Public Choice - POLIS.
  13. Cassone, Alberto & Zaccarella, Pietro, 2009. "Il bilancio sociale delle universita'. Inventario dei problemi e analisi comparata delle esperienze italiane," POLIS Working Papers 117, Institute of Public Policy and Public Choice - POLIS.
  14. Zanola, Roberto, 2008. "Consumer preferences for circus: A cluster approach," POLIS Working Papers 109, Institute of Public Policy and Public Choice - POLIS.
  15. Migheli, Matteo & Ortona, Guido & Ponzano, Ferruccio, 2009. "A preliminary simulative assessment of disproportionality indices," POLIS Working Papers 116, Institute of Public Policy and Public Choice - POLIS.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Fabio Privileggi, 2011. "Transition Dynamics in Endogenous Recombinant Growth Models by Means of Projection Methods," Computational Economics, Society for Computational Economics, vol. 38(3), pages 367-387, October.
  2. Bondonio, Daniele, 2009. "Impact identification strategies for evaluating business incentive programs," POLIS Working Papers 129, Institute of Public Policy and Public Choice - POLIS.
  3. Marchese, Carla & Marsiglio, Simone & Privileggi, Fabio & Ramello, Giovanni, 2014. "Endogenous Recombinant Growth through Market Production of Knowledge and Intellectual Property Rights," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201413, University of Turin.
  4. Giuranno, Michele, 2009. "The logic of party coalitions with political activism and public financing," POLIS Working Papers 134, Institute of Public Policy and Public Choice - POLIS.
  5. Privileggi, Fabio, 2013. "Takeoff vs. Stagnation in Endogenous Recombinant Growth Models," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201338, University of Turin.
  6. Orso, Cristina Elisa, 2009. "Formal and informal sectors: Interactions between moneylenders and traditional banks in the rural Indian credit market," POLIS Working Papers 135, Institute of Public Policy and Public Choice - POLIS.
  7. Privileggi, Fabio & Marsiglio, Simone, 2014. "Dynamics and Welfare in Recombinant Growth Models with Intellectual Property Rights: a Computational Method," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201414, University of Turin.

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:uca:ucapdv:120. 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: (Lucia Padovani).

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.