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...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1980
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| 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 |
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| Institution: | Singapore Management University |
| Language: | English |