Additional Endogenous Growth Models

Alfonso Novales, Esther Fernández and Jesus Ruiz

Chapter 7 in Economic Growth, 2022, pp 331-409 from Springer

Abstract: Abstract We present in this chapter some additional mechanisms by which endogenous growth arises. We start with an economy in which technological progress shows up in the form of the number of varieties of products. After that, a model of technological diffusion between two countries, a leader in innovation and a follower, that adopts the innovations developed in the leading country. We then present a model economy with creative destruction à la Schumpeter in which growth is driven endogenously by attempts to improve the quality of existing goods through innovation. We close with an important model, that of a two-sector economy in which human and physical capital accumulate over time, and where time devoted to education plays an important role.

Keywords: Human capital; Physical capital; Final good; Intermediate good; R&D activities; Mark-up; Technological diffusion; Leader country; Follower country; Log-linear approximation; Numerical solution; Schumpeterian growth (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Additional Endogenous Growth Models (2014)
Chapter: Additional Endogenous Growth Models (2009)
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:spr:sptchp:978-3-662-63982-5_7

Ordering information: This item can be ordered from
http://www.springer.com/9783662639825

DOI: 10.1007/978-3-662-63982-5_7

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().