Progreso técnico incorporado en un modelo de innovación horizontal
In this paper I develop a model of endogenous technical progress which is embodied in capital. In this framework the relative price of capital is decreasing. Strategic complementarities arising from embodiment might cause multiplicity of equilibria and threshold effects might appear. the vintage structure of the model allows to explain some empirical facts on capital accumulation at the plant level and on job creation and destruction.
|Date of creation:||2003|
|Date of revision:|
|Contact details of provider:|| Postal: Chalé dos Catedráticos, 1. Avda. das Ciencias s/n. Campus Vida, 15782 Santiago de Compostela|
Phone: 981 59 11 66
Fax: 981 59 99 35
Web page: http://www.usc.es/idega/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:edg:anecon:0027. 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: (Manuel Fernandez Grela)
If references are entirely missing, you can add them using this form.