English, Article, Journal or magazine article edition: Technological-Knowledge Dynamics in Lab-Equipment Models of Quality Ladders Pedro Mazeda Gil; Óscar Afonso

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Bookmark: http://trove.nla.gov.au/version/182840
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Technological-Knowledge Dynamics in Lab-Equipment Models of Quality Ladders
Author
  • Pedro Mazeda Gil
  • Óscar Afonso
Physical Description
  • preprint
Notes
  • The Perpetual Inventory Model (PIM) assumes that, in each period, an arbitrary constant fraction of technological-knowledge stock is lost. By connecting the aggregate resource constraint with firms’ market value, we give a theoretical background to the PIM by showing that the technological-knowledge accumulation follows a dynamic process with an endogenous depreciation rate, which remains stable in steady state. Moreover, we relate different concepts of technological-knowledge used in the literature.
  • endogenous growth, endogenous depreciation rate, Perpetual Inventory Model, technological-knowledge dynamics
  • RePEc:por:fepwps:283
Language
  • English
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