2024-03-29T06:53:00Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/69992023-12-04T14:10:38Zcom_123456789_5661com_123456789_21col_123456789_5688
Nuño, Galo
2019-08-10T17:55:16Z
2019-08-10T17:55:16Z
2009-10-07
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/6999
000269080
DTRA-200922-eng
In this paper we integrate Schumpeterian endogenous growth into a general equilibrium framework. By explicitely modelling the innovation and technology adoption process we are able to match some stylized economic facts such as entry rates and survival times of firms in the U.S. economy or the maximum convergence rates accross countries. Additionally, it allows us to propose a new definition of what a technology shock is and to compare it with the standard definition. Results show how this framework provides a plausible description of how economies grow and respond to the arrival of new technologies
eng
https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
http://rightsstatements.org/vocab/InC-NC/1.0/
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
In Copyright - Non Commercial Use Permitted
Medium-term bsiness cycles
Schumpeterian growth
Technology adoption
Technology, convergence and business cycles
Documento de trabajo