A simple model of productivity slowdown

Toshihiko Mukoyama

Applied Economics Letters, 2009, vol. 16, issue 5, 455-458

Abstract: This article demonstrates a simple mechanism of productivity slowdown. There are two types of technological change: exogenous and endogenous. After news arrives that there will be an acceleration of exogenous technological progress in the future, endogenous technological progress may slow down.

Date: 2009
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DOI: 10.1080/13504850601018734

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