The Role of Technological Change

We develop an optimal growth model that includes several important new features. First, technological change is endogenously related to the growth of 'knowledge.' Investment may be directed either towards physical capital or knowledge (or both). Knowledge becomes an effective substitute fo...

Full description

Saved in:
Bibliographic Details
Main Authors: AYRES, Robert U., MILLER, Steven M.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1980
Subjects:
Online Access:https://ink.library.smu.edu.sg/sis_research/26
https://ink.library.smu.edu.sg/context/sis_research/article/1025/viewcontent/Role_Tech_Change_1980.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English