Koren, Miklós (contributor); Tenreyro, Silvana (contributor) - 2005
. As in endogenous growth models, technological progress increases the number of varieties, raising average productivity … volatility declines, may be influenced by
the initial level of volatility. If investment risk is harmful for growth, which is … investment risk is harmful for growth, which is the case
for a range of plausible parameter values in our model, then poor and …