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The paper studies endogenous world balanced growth equilibria in which national learning productivity differentials … specialized goods enhance learning productivity. We find that mutual familiarization causes per capita products to converge …
Persistent link: https://www.econbiz.de/10013097478
The paper studies endogenous world balanced growth equilibria in which national learning productivity differentials … specialized goods enhance learning productivity. We find that mutual familarization causes per capita products to converge …
Persistent link: https://www.econbiz.de/10014199179
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This paper offers a comprehensive study on transitional dynamics within R&D-based models of endogenous growth. There are two main motivations. First, the complete dynamic system for the market solution is derived in general form. Second, using this dynamic system as a unifying framework the...
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