The Potential of Diverse Technologies in Growth
(2022) NEKN01 20221Department of Economics
- Abstract
- A product-variety growth model is presented, featuring regions with diverse basic input prices, intermediate good technologies with randomly distributed usage intensities for those inputs, and technology improvement with usage eventually leading to the spread of these technologies. Exponential long-term growth is derived in the specified model. The probability of new technologies being immediately profitable in at least one region is found to be an important growth factor, and regions’ contributions to increasing that probability depend both on having generally favorable conditions for making profits, and on having an input cost environment that differs from other regions, increasing the diversity of such environments.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9085446
- author
- Åkerlund, Ruben LU
- supervisor
- organization
- course
- NEKN01 20221
- year
- 2022
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Endogenous Growth, Technological Change, Technological Spread
- language
- English
- id
- 9085446
- date added to LUP
- 2022-10-10 09:26:06
- date last changed
- 2022-10-10 09:26:06
@misc{9085446, abstract = {{A product-variety growth model is presented, featuring regions with diverse basic input prices, intermediate good technologies with randomly distributed usage intensities for those inputs, and technology improvement with usage eventually leading to the spread of these technologies. Exponential long-term growth is derived in the specified model. The probability of new technologies being immediately profitable in at least one region is found to be an important growth factor, and regions’ contributions to increasing that probability depend both on having generally favorable conditions for making profits, and on having an input cost environment that differs from other regions, increasing the diversity of such environments.}}, author = {{Åkerlund, Ruben}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Potential of Diverse Technologies in Growth}}, year = {{2022}}, }