Factor saving innovations and factor income shares
We present an endogenous growth model where innovations are factor saving. Technologies can be changed paying a cost and technological change takes place only if the benefits are larger than the costs. Since the gains derived from factor saving innovations depend on factor abundance, biased innovati...
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Inglés (English) |
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Universidad del Rosario
2007
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| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/11010 |