Model of optimal economic growth with endogenous bias

被引：1
|
作者：
Sato, R
Ramachandran, RV
Lian, CP
机构：
[1] Stern Sch Business, Ctr Japan US Business & Econ Studies, New York, NY 10012 USA
[2] Stern Sch Business, Dept Econ, New York, NY 10012 USA
来源：
MACROECONOMIC DYNAMICS | 1999年 / 3卷 / 03期
关键词：
technological progress; endogenous bias; steady state;
D O I：
10.1017/S1365100599012018
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The objective of the paper is to develop a model of optimal endogenous technological progress that will exhibit two properties sought in growth models: (1)The bias will depend on the parameters of the model-particularly those affecting the cost of inputs-instead of being constrained to be Harrod neutral; (2) factor shares will be constant in steady state. Using previously derived sufficient conditions, we show the conditions under which such a model can be constructed.
引用
收藏
页码：293 / 310
页数：18
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