Publicação
National productive structure and innovative dynamics: finding the (endogenous) path to convergence
| dc.contributor.author | Cerdeira, Jorge | |
| dc.contributor.author | Rebelo, Luís Pina | |
| dc.date.accessioned | 2018-07-30T11:03:57Z | |
| dc.date.available | 2018-07-30T11:03:57Z | |
| dc.date.issued | 2008 | |
| dc.description.abstract | We extend the model presented in Barro and Sala-i-Martin (1997) by allowing for two types of economies - more developed and in transition to European Union integration - to both imitate and innovate varieties of intermediate goods. Besides depending on research and development expenditures, we also allow for the stochastic nature of innovation by making it also dependent on a random component. We do this by Monte Carlo simulation, using a Box-Muller process, and solve a three di erential equation model by using numerical methods. Two situations are presented: a leading economy with greater institutions and more labour than the transition economy versus a situation where an institutional advance is given to the transition economy. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.citation | Cerdeira, J., Rebelo, L. P. (2008). National Productive Structure and Innovative Dynamics: Finding the (Endogenous) Path to Convergence. Working Papers: Economics. N.º 1, 29 p. | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.14/25293 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | no | pt_PT |
| dc.subject | Stochastic innovation | pt_PT |
| dc.subject | Transition economies | pt_PT |
| dc.subject | Growth | pt_PT |
| dc.subject | Technology | pt_PT |
| dc.subject | Diffusion | pt_PT |
| dc.subject | Convergence | pt_PT |
| dc.title | National productive structure and innovative dynamics: finding the (endogenous) path to convergence | pt_PT |
| dc.type | working paper | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | workingPaper | pt_PT |