English, Article, Journal or magazine article edition: Uma extensão ao modelo schumpeteriano de crescimento endógeno [A new Schumpeterian endogenous growth model] Marco Flávio da Cunha Resende; Flávio Gonçalves

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Bookmark: http://trove.nla.gov.au/version/114782
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Uma extensão ao modelo schumpeteriano de crescimento endógeno [A new Schumpeterian endogenous growth model]
Author
  • Marco Flávio da Cunha Resende
  • Flávio Gonçalves
Physical Description
  • preprint
Notes
  • In the Schumpeterian endogenous growth model, random innovations (technical progress) are the main element that explains economic growth. Empirical analyses suggest there are two variables that explain the introduction of innovations: a randomly variable and a deterministic trend. In this paper we add a deterministic variable to the basic Schumpeterian growth model. The introduction of a determinist variable improves the basic model. The new model reproduces several styled facts, which are shown in simulations.
  • endogenous growth; spatial agglomeration
  • RePEc:cdp:texdis:td202
Language
  • English
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