Exploring Growth Trajectories

Guido Cozzi

Journal of Economic Growth, 1997, vol. 2, issue 4, 385-98

Abstract: In this article we try an exploration, by means of a few simple exercises, of the consequences of introducing into a standard endogenous-growth model with expanding product variety the possibility that the invention process of the new blueprints may follow more than one single predetermined trajectory. The main motivations are a slightly more realistic formalization of entrepreneurial creativity with spillovers and the greater flexibility of the economic results. Copyright 1997 by Kluwer Academic Publishers

Date: 1997
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