1962
DOI: 10.1086/294483
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United States Economic Growth

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Cited by 63 publications
(26 citation statements)
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“…(43) Since the only asset of the representative household in this economy is capital, the transversality condition takes the standard form: (44) which, together with the Euler equation (43) and the resource constraint (16), determines the dynamic behavior of consumption and capital stock, C and K. Equations (12) and (21) give the behavior of L, M\ and M2.…”
Section: Ml^m2mentioning
confidence: 99%
“…(43) Since the only asset of the representative household in this economy is capital, the transversality condition takes the standard form: (44) which, together with the Euler equation (43) and the resource constraint (16), determines the dynamic behavior of consumption and capital stock, C and K. Equations (12) and (21) give the behavior of L, M\ and M2.…”
Section: Ml^m2mentioning
confidence: 99%
“…It may be argued that accumulated R&D constitutes the innovation input par excellence, but engineering design or income spillovers are also typically knowledge-driven inputs. Further, as documented for example by Denison (1985), R&D can only account for a small portion of the innovative practices. The introduction of novel IT tools, on the other hand, or the purchase of certain physical capital, may be considered as investments in innovation inputs of an intrinsically different nature than research activities, but they also lead to an innovation output.…”
Section: Review Of the Empirical Implementation Of The Cdm Modelmentioning
confidence: 99%
“…8 Com os avanços tecnológicos dos anos 70 e 80 essa tendência apenas tornou-se mais acentuada seja com o uso cada vez mais intensivo da automação, seja com a introdução de novas técnicas gerenciais, inicialmente pelo Japão e, depois, por todos os principais centros dinâmicos da economia internacional.…”
Section: Visões Acerca Do Sistema Internacional Depois Da Guerra Friaunclassified