Labor Supply, Biased Technological Change and Economic Growth
نویسندگان
چکیده
منابع مشابه
Economic Growth and Business Cycles: The Labor Supply Decision with Two Types of Technological Progress
An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods (sometimes called product innovation) vis-à-vis technological advance for existing goods (sometimes called process...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1537203