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| Volume 1, No. 3,
December 2002
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| Technological
Diffusion in the Ramsey Model |
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| Petr Duczynski |
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Economics Institute,
Academy of Sciences of the Czech Republic, Czech |
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Republic |
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| Abstract |
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| This
paper introduces technological diffusion in the neoclassical growth
model. A log-linearized approximation of the model is solved analytically.
Due to the presence of two negative eigenvalues, the model’s dynamics
are richer than the dynamics of the basic neoclas-sical growth model. |
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Key words:
convergence; diffusion of technology; neoclassical growth |
| JEL
classification:
O4 |
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