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Transitional dynamics in an R&D-based growth model with imitation: comparing its predictions to the data
(1998)
Documento de trabajo / Lan gaiak,
Employing cross-country data, this paper evaluates the transitional dynamics predictions of a non-scale growth model of endogenous technology innovation and imitation. We show that, unlike the neoclassical growth framework, ...
The adoption and adaptation of externally originated ideas
(1998)
Documento de trabajo / Lan gaiak,
This is a vintage–capital model of technology adoption that takes seriously the fact that new inventions are specific to the environment in which they emerge. The key feature of the model is that the firm can invest resources ...