Schumpeterian growth with variable demand elasticity.
Variable Demand Elasticity preferences are introduced into a canonical two‐sector R&D model. The departure from the traditional CES specification yields novel growth dynamics: for a sufficiently high population growth rate, a semi‐endogenous balanced growth path ("BGP") of drastic innovation is char...
| Publicado en: | Economic Inquiry Vol. 63; no. 4; pp. 1110 - 1127 |
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| Formato: | Artículo |
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Wiley-Blackwell
Oct2025
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| Acceso en línea: | Ver este registro en EBSCOhost |