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...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Vilnius Gediminas Technical University
2016-03-01
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Series: | Technological and Economic Development of Economy |
Subjects: | |
Online Access: | http://journals.vgtu.lt/index.php/TEDE/article/view/713 |