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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Persistent link: https://EconPapers.repec.org/RePEc:ijb:journl:v:1:y:2002:i:3:p:243-250
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