Progreso técnico incorporado en un modelo de innovación horizontal

Fernando del Río

No 27, Documentos de trabajo - Analise Economica from IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia

Abstract: In this paper I develop a model of endogenous technical progress which is embodied in capital. In this framework the relative price of capital is decreasing. Strategic complementarities arising from embodiment might cause multiplicity of equilibria and threshold effects might appear. the vintage structure of the model allows to explain some empirical facts on capital accumulation at the plant level and on job creation and destruction.

Keywords: R&D; Embodiment; Endogenous Growth; Multiple Equilibria (search for similar items in EconPapers)
JEL-codes: E22 E32 E40 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:edg:anecon:0027

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