Endogenous growth through investment-specific technological change
نویسندگان
چکیده
منابع مشابه
Investment Specific Technological Progress and Structural Change
In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full...
متن کاملEndogenous Technological Change
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متن کاملLong-Run Implications of Investment-Specific Technological Change
The role that investment-specific technological change played in generating postwar U.S. growth is investigated here. The premise is that the introduction of new, more efficient capital goods is an important source of productivity change, and an attempt is made to disentangle its effects from the more traditional Hicksneutral form of technological progress. The balanced growth path for the mode...
متن کاملInvestment-Specific Technological Change, Skill Accumulation, and Wage Inequality
Wage inequality between education groups in the United States has increased substantially since the early 1980s. The relative number of college-educated workers has also increased dramatically in the postwar period. This paper presents a unified framework where the dynamics of both skill accumulation and wage inequality arise as an equilibrium outcome driven by measured investmentspecific techn...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2007
ISSN: 1094-2025
DOI: 10.1016/j.red.2007.02.005