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Progreso técnico incorporado en un modelo de innovación horizontal

Author

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  • Fernando del Rio

    () (Universidade de Santiago de Compostela)

Abstract

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.

Suggested Citation

  • Fernando del Rio, 2003. "Progreso técnico incorporado en un modelo de innovación horizontal," Documentos de trabajo - Analise Economica 0027, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
  • Handle: RePEc:edg:anecon:0027
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    More about this item

    Keywords

    R&D; Embodiment; Endogenous Growth; Multiple Equilibria;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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