MODELLING OF ECONOMIC GROWTH WITH LEARNING BY DOING AND KNOWLEDGE SPILLOVERS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2016, Vol 4, Issue 181
Abstract
A generalized parametric model as a modified Romer model is considered. This model describes the dependence of the output of the index of knowledge available to the firm. Result of this paper is a family of models between the two extremes – the neoclassical model of decentralized type and nonstationary AK-model. The model assumes that all discoveries are unexpected by-products of the investment and that these discoveries instantly become common knowledge.
Authors and Affiliations
Olena Liashenko
Keywords
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- EP ID EP240359
- DOI 10.17721/1728-2667.2016/181-4/2
- Views 87
- Downloads 0
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