The Schumpeterian Growth Model (One-Sector Version)

Описание к видео The Schumpeterian Growth Model (One-Sector Version)

This lecture introduces the Schumpeterian growth model of Aghion and Howitt in a simplified one-sector version. The model features vertical innovation instead of horizontal innovation as in the Romer model. Old vintages of technologies are replaced by new ones, which is "creative desctruction".

For other videos on macroeconomic topics, please see
   • Advanced Macroeconomics  
   • Advanced Macroeconomics (Bachelor level)  

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