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Uma extensão ao modelo schumpeteriano de crescimento endógeno [A new Schumpeterian endogenous growth model]

Marco Flávio Resende and Flávio Gonçalves ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: In the Schumpeterian endogenous growth model, random innovations (technical progress) are the main element that explains economic growth. Empirical analyses suggest there are two variables that explain the introduction of innovations: a randomly variable and a deterministic trend. In this paper we add a deterministic variable to the basic Schumpeterian growth model. The introduction of a determinist variable improves the basic model. The new model reproduces several styled facts, which are shown in simulations.

Keywords: endogenous growth; spatial agglomeration (search for similar items in EconPapers)
JEL-codes: O40 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2003-06
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Persistent link: https://EconPapers.repec.org/RePEc:cdp:texdis:td202

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