Technological Diffusion in the Ramsey Model
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.
Volume (Year): 1 (2002)
Issue (Month): 3 (December)
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