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The production of ethanol and sugar from sugar cane has sharply increased for the last 20 years. If there are overall incentives to substitute the consumption of fossil fuels by biofuels, the increase of production and the expansion of new cultivated areas of sugar cane have eventually an impact...
Persistent link: https://www.econbiz.de/10010740533
We use a dynamic model to study the effects of technology and learning on the long run economic growth rates of a leading and a lagging region. New technologies are developed in the leading region but technological improvements in the lagging region are the result of learning from the leading...
Persistent link: https://www.econbiz.de/10011075813
Romania's communist regime used forced industrialization and urbanization policies as a solution for speeding-up the pace of development in the lagging areas, which resulted in reducing regional disparities. However, after 1989 there areas were the first that suffered the hardships of economic...
Persistent link: https://www.econbiz.de/10011075820
We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
Persistent link: https://www.econbiz.de/10011075868