The problems of exploitation of technological windows of opportunity are of particular scientific and practical interest in terms of the development of Russia’s national economy, and the Arctic region, which has a strong mineral and raw materials potential, is important in terms of its use for...

We study an OLG economy where productivity growth comes from two alternative sources: process innovation and learning-by-doing. There is a trade-off between the two in so far as frequent technological updates reduce the scope for learning on existing technologies. A conflict is shown to arise...

The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative effect on the average growth rate of output. This theoretical ambiguity result is not solely determined by the value of the elasticity of intertemporal substitution (of...