𝔖 Bobbio Scriptorium
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Technical change and market structure

✍ Scribed by Susanne Wied-Nebbeling


Book ID
105114945
Publisher
Springer-Verlag
Year
1993
Tongue
English
Weight
830 KB
Volume
3
Category
Article
ISSN
0936-9937

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This paper presents a model of optimal economic growth with exogenous technical change that is embodied in people. That is, newly invented techniques can be used only if the production unit engages labour that has been trained to produce according to this new technique. The model illustrates the neg