Creative Destruction and Policy in a Model of Endogenous Growth
Xavier Mateos-Planas ()
The B.E. Journal of Macroeconomics, 2004, vol. 4, issue 1, 35
Abstract:
This paper extends a model of endogenous growth through the introduction of a component of knowledge that makes new technologies more productive than older vintages. Creative destruction or obsolescence of technologies underlies the growth process. In this setup, the growth effects of various policies are analyzed. These policies include selective subsidies to firms that produce final output, a general lump-sum tax on final-output firms, and openness to trade with a less developed country. The results show the existence of growth effects that have not been studied in the previous literature.
Keywords: endogenous growth; obsolescence; embodied technology; vintage; policy (search for similar items in EconPapers)
Date: 2004
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
https://doi.org/10.2202/1534-5998.1134 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejmac:v:topics.4:y:2004:i:1:n:9
Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejm/html
DOI: 10.2202/1534-5998.1134
Access Statistics for this article
The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti
More articles in The B.E. Journal of Macroeconomics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().