EconPapers    
Economics at your fingertips  
 

Towards a theory of technological mismatch: 2 - Economic growth

Maurice Oude Wansink
Additional contact information
Maurice Oude Wansink: MERIT

No 15, Research Memorandum from Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT)

Abstract: In this paper, the relationship between technological change and the labour market is analysed using a growth model. Economic growth is generated by private investment in human capital, which is the heart of technological change. The model developed in this paper resembles the model of Lucas (1988), but differs in some important definitions. These definitions make it possible to combine a steady state equilibrium (constant and positive growth rates) with production functions for both the research and the educational sector which are not linear. This latter feature is an improvement on the new growth theory. However, the model generates a system of dynamic equations that can only be used for stability analysis when additional assumptions are made with respect to the endogenous variables.

Keywords: economics of technology (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://unu-merit.nl/publications/rmpdf/1995/rm1995-015.pdf (application/pdf)

Related works:
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:unm:umamer:1995015

Access Statistics for this paper

More papers in Research Memorandum from Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT) Contact information at EDIRC.
Bibliographic data for series maintained by Angie Figueroa Alarcon ().

 
Page updated 2025-05-23
Handle: RePEc:unm:umamer:1995015