Technology adoption and accumulation in a vintage-capital model (Q698232): Difference between revisions
From MaRDI portal
Latest revision as of 16:21, 4 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Technology adoption and accumulation in a vintage-capital model |
scientific article |
Statements
Technology adoption and accumulation in a vintage-capital model (English)
0 references
18 September 2002
0 references
The authors consider an infinite horizon growth model with vintage capital, which induces an infinite dimensional space of technologies, each of which is capital specific. The paper shows the existence of an optimal growth path, when the production exhibits constant returns to scale and technological progress is exogenous. A first-order characterization of the optimal path is also provided.
0 references
vintage-capital
0 references
growth diffusive
0 references
technological progress
0 references
0 references
