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Technological Diffusion in the Ramsey Model

Author

Listed:
  • Petr Duczynski

    (Economics Institute, Academy of Sciences of the Czech Republic, Czech Republic)

Abstract

This 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.

Suggested Citation

  • Petr Duczynski, 2002. "Technological Diffusion in the Ramsey Model," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 1(3), pages 243-250, December.
    • Handle: RePEc:ijb:journl:v:1:y:2002:i:3:p:243-250
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    References listed on IDEAS

    as
    1. Ronald Findlay, 1978. "Relative Backwardness, Direct Foreign Investment, and the Transfer of Technology: A Simple Dynamic Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(1), pages 1-16.
    2. Wang, Jian-Ye & Blomstrom, Magnus, 1992. "Foreign investment and technology transfer : A simple model," European Economic Review, Elsevier, vol. 36(1), pages 137-155, January.
    3. Duczynski, Petr, 2002. "Adjustment costs in a two-capital growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 837-850, May.
    4. Duczynski, Petr, 2003. "Convergence in a model with technological diffusion and capital mobility," Economic Modelling, Elsevier, vol. 20(4), pages 729-740, July.
    5. Mansfield, Edwin, 1975. "International Technology Transfer: Forms, Resource Requirements, and Policies," American Economic Review, American Economic Association, vol. 65(2), pages 372-376, May.
    6. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
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    Cited by:

    1. Fosu, Gabriel Obed & Gogovi, Gideon & Appati, Justice & Bondzie, Eric Amoo, 2013. "Comparability of the Neoclassical Economic Growth models: The Ramsey Models in Perspective," MPRA Paper 69284, University Library of Munich, Germany.
    2. Serranito, Francisco, 2013. "Heterogeneous technology and the technological catching-up hypothesis: Theory and assessment in the case of MENA countries," Economic Modelling, Elsevier, vol. 30(C), pages 685-697.

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    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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