foto

Fabio Privileggi

Membro Associato a POLIS
Ufficio 307
Via Cavour 84, 15121 Alessandria

email: fabio.privileggi@unito.it
Fax: 0131 283 704





Profile Research Publications and conferences Office Hours Links
- Journal articles - Book chapters and conference proceedings - Working papers - Working papers POLIS - Conference proceedings articles - Monographs - Other works - Books (scientific textbooks) - Working papers IEL -


PRIVILEGGI Fabio (2008), "On the transition dynamics in endogenous recombinant growth models", Working paper POLIS - Economic Series n. 128 .
J.E.L codes: C61, O31, O41
Keywords: Knowledge Production, Recombinant Expansion Process, Endogenous Balanced Growth, Turnpike, Transition Dynamics

Abstract
This paper constitutes a first attempt at studying the transition dynamics of the Tsur and Zemel (2007) continuous time endogenous growth framework in which knowledge evolves according to the Weitzman (1998) recombinant process. For a specific choice of the probability function characterizing the Weitzman recombinant process, we find a suitable transformation for the state and control variables in the dynamical system diverging to asymptotic constant growth, so that an equivalent 'detrended' system converging to a steady state in the long run can be tackled. Since the dynamical system obtained so far turns out to be analytically intractable, we rely on numerical simulation in order to fully describe the transition dynamics for a set of values of the parameters.

Scarica il file .pdf

Rankings