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The Potential of Diverse Technologies in Growth

Åkerlund, Ruben LU (2022) NEKN01 20221
Department 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:
author
Åkerlund, Ruben LU
supervisor
organization
course
NEKN01 20221
year
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}},
}