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Technological catch-up: Gradual diffusion of technology and convergence in the neoclassical growth model

✍ Scribed by Lorenzo Escot

Publisher
Springer US
Year
1998
Tongue
English
Weight
573 KB
Volume
4
Category
Article
ISSN
1083-0898

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✍ Stephen J. Turnovsky πŸ“‚ Article πŸ“… 2002 πŸ› Elsevier Science 🌐 English βš– 565 KB

This paper re-examines the speed of convergence in a one-sector growth model under fairly general conditions with respect to both production and preferences. We investigate the response of the rate of convergence to the intratemporal elasticity of substitution in production, and to the intertemporal