论文信息 - Growth, volatility and learning

Growth, volatility and learning

This paper presents a simple stochastic growth model in which productivity improvements are the result of both internal (deliberate) and external (serendipitous) learning behaviour. The model is used to illustrate how these different mechanisms of endogenous technological change can lead to different implications for the correlation between output growth and output variability.

Keith Blackburn | Ragchaasuren Galindev

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