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Technological Diffusion in the Ramsey Model

Petr Duczynski
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Petr Duczynski: Economics Institute, Academy of Sciences of the Czech Republic, Czech Republic

International Journal of Business and Economics, 2002, vol. 1, issue 3, 243-250

Abstract: This paper introduces technological diffusion in the neoclassical growth model. A log-linearized approximation of the model is solved analytically. Due to the presence of two negative eigenvalues, the model's dynamics are richer than the dynamics of the basic neoclas-sical growth model.

Keywords: convergence; diffusion of technology; neoclassical growth (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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