Daniele, Tavani; Luca, Zamparelli - In: Studies in Nonlinear Dynamics & Econometrics 19 (2015) 2, pp. 209-216
In this paper, we introduce endogenous technological change through R&D expenditure on labor-augmenting innovation in the cyclical growth model by Goodwin (Goodwin, R. 1967. “A Growth Cycle.” In Socialism, Capitalism, and Economic Growth, edited by Carl Feinstein, Cambridge, UK: Cambridge...