Technological assimilation and divergence in times of crisis

We study an endogenous stochastic growth model whose dynamic evolution is determined by an adaptive learning process defining the accumulation of technological knowledge within countries. Both the assimilation of technological knowledge and the arrival rate of innovations depend on the technologica...

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Bibliographic Details
Main Authors: Isabel Álvarez, Debora Di Caprio, Francisco Javier Santos-Arteaga
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2016-03-01
Series:Technological and Economic Development of Economy
Subjects:
Online Access:http://journals.vgtu.lt/index.php/TEDE/article/view/713