Endogenous growth with deferred technological change

AUTOR(ES)

Pedroni, Marcelo Zouain

DATA DE PUBLICAÇÃO

07/08/2009

RESUMO

Lucas (2009) has proposed a two-sector model to account for patterns in growth data. However, Lucas’s analysis does not involve any inter-temporal decision by the consumers. The behavior of the variables is determined a priori by the technology that is chosen. Rodriguez (2006) proposed a model with the twosector technology presented by Lucas adding an inter-temporal decision process for the consumer. In addition to the results obtained by Rodriguez, we characterize sufficiency and provide elucidating examples of particular cases of the model. Moreover, we make an effort to derive new insights from the model and clarify some technical points. Finally, we obtain conditions under which the economy invests in human capital even though benefits are deferred.

ASSUNTO(S)

endogenous growth development human capital income distribution desenvolvimento econômico inovações tecnológicas

Documentos Relacionados

• Growth, structural change and technological capabilities Latin America in a comparative perspective
• Investment specific technological progress and structural change
• Organizational Aspects of Health Informatics: Managing Technological Change
• Development, Technological Change and Innovation, Schumpeter and Neo-Schumpeterians
• Are the returns to technological change in health care declining?