AN OVERLAPPING GENERATIONS MODEL OF SELF-PROPELLED GROWTH

被引:10
作者
CHOU, CF [1 ]
SHY, O [1 ]
机构
[1] TEL AVIV UNIV, IL-69978 TEL AVIV, ISRAEL
关键词
D O I
10.1016/0164-0704(91)90007-H
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper introduces an overlapping generations model of innovation which generates endogenously determined variable growth rates. The proposed environment is different from other growth models in that we do not assume a growing endowment of labor or any other exogenous changes, such as technological improvements. Growth in this economy is attributed to a continuous innovation process done by short-lived optimizing agents. © 1991.
引用
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页码:511 / 521
页数:11
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