The purpose of this model is to analyse the conditions for growth and the path of capital accumulation in a framework of endogenous technical change with exogenous savings. The model states the existence of two kinds of countries, one of them an innovator, the other an imitator, both linked by a...

The aim of this paper is to expose and analyze a model of growth with endogenous technological change in an economy with banks and money. In growth theory, there are not analyses drawing on the above lines. In this paper we provide some central results, relating the non-superneutrality of money...