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Endogenous Technological Change Paul M. Romer The …
https://web.stanford.edu/~klenow/Romer_1990.pdf
WebEndogenous Technological Change. Paul M. Romer. The Journal of Political Economy, Vol. 98, No. 5, Part 2: The Problem of Development: A Conference of the Institute for the Study of Free Enterprise Systems. (Oct., 1990), pp. S71-S102. Stable URL: http://links.jstor.org/sici?sici=0022 …
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Endogenous Technological Change | Journal of Political …
https://www.journals.uchicago.edu/doi/10.1086/261725
WebAbstract. Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good.
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Endogenous Technological Change | NBER
https://www.nber.org/papers/w3210
WebEndogenous Technological Change. Paul Romer. Working Paper 3210. DOI 10.3386/w3210. Issue Date December 1989. Growth in this model is driven by technological change that arises from intentional investment decisions made by profit maximizing agents.
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Paul M. - National Bureau of Economic Research
https://www.nber.org/system/files/working_papers/w3210/w3210.pdf
Webtechnological change account for much of the increase in output per hour worked. The second premise is that technological change arises in large part because of intentional actions taken by people who respond to market incentives. Thus, the model is one of endogenous rather than exogenous technological change. This does not mean that
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4 Endogenous technological change - Oxford Academic
https://academic.oup.com/book/9440/chapter/156315247
WebThis chapter focuses on technological change that is endogenous in models of economic growth. After describing some properties of technology, the chapter shows how technological progress is produced within a rather small extension of the Solow growth model, in the sense that the use of some of the economy's scarce productive resources is ...
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Endogenous Technological Change: A Note on Stability
https://www.jstor.org/stable/pdf/25055317.pdf
WebEndogenous technological change: a note on stability* Lutz G. Arnold. Department of Economics, University of Dortmund, Vogelpothsweg 87, D-44227 Dortmund, GERMANY (e-mail: [email protected]) Received: October 6, 1998; revised version: April 19, 1999. Summary. This paper demonstrates that the steady-state solution of the optimal.
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Paul Romer:Ideas,Nonrivalry,and Endogenous Growth
https://web.stanford.edu/~chadj/RomerNobel.pdf
WebRomer developed endogenous growth theory, emphasizing that technological change is the result of efforts by researchers and entrepreneurs who respond to economic incentives. Anything that affects their efforts, such as tax policy, basic research funding, and education, for example, can potentially influence the long-run prospects of the economy.
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14.452 Economic Growth: Lectures 9 and 10, Endogenous …
https://economics.mit.edu/sites/default/files/inline-files/Lectures%209%20and%2010%20-%20Endogenous%20Technological%20Change_0.pdf
WebNov. 29 and Dec. 4. Introduction. The key to understanding technology is that R&D and technology adoption are purposeful activities. This lecture, focus on technological change and R&D. The simplest models of endogenous technological change are those in which R&D expands the variety of inputs or machines used in production (Romer, 1990).
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The Romer Model of Endogenous Technological Change
https://worldscientific.com/doi/10.1142/9781786349132_0013
WebPaul Romer greatly enhances economists’ understanding of endogenous technological change by developing a growth model in which technological progress is driven by the invention of new products, which in turn is due to research and development (R&D) by profit-seeking entrepreneurs. In this chapter, we cover the Romer model.
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14.461: Technological Change, Lectures 1 and 2 Review of …
https://economics.mit.edu/sites/default/files/inline-files/Lectures%201%20and%202%20-%20Review%20of%20Models%20of%20Endogenous%20Technological%20Change.pdf
WebThe simplest models of endogenous technological change are those in which R&D expands the variety of inputs or machines used in production (Romer, 1990). Models with expanding input varieties: research will lead to the creation of new varieties of inputs (machines) and a greater variety of inputs will increase the division of labor.
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