An Endogenous Growth Model with Embodied Technical Change without Scale Effects

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, we extend the Romer90 model by introducing an embodied technological change and by removing the scale effects. We show that this model can still generate steady state growth in which the embodied technical change has an positive and permanent effect on growth in the long-run.

Keywords: Endogenous growth; Information technology; Embodied technical change; Scale effects (search for similar items in EconPapers)
JEL-codes: O31 O41 (search for similar items in EconPapers)
Date: 2007-11-10, Revised 2008-01-04
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6571

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