Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/77338 
Autor:innen: 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
Technical Report No. 1999,32
Verlag: 
Universität Dortmund, Sonderforschungsbereich 475 - Komplexitätsreduktion in Multivariaten Datenstrukturen, Dortmund
Zusammenfassung: 
Creative destruction due to new technologies causes both long-run growth and short-run business fluctuations. The creative part of new technologies pushes the economy on a higher productivity level while the destructive part implies partial obsolescence of old production units. Obsolescence due to each new technology induces an adjustment period during which growth rates are initially high but gradually fall. At some endogenously determined point, research for the next technology starts. Once the new technology is discovered, the next cycle starts. This is shown in a continuous time Ramsey growth model where savings can be used for financing deterministic capital accumulation and stochastic Poisson driven R&D for new technologies.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
928.49 kB
241.01 kB





Publikationen in EconStor sind urheberrechtlich geschützt.