A dynamic linear economy with characteristic-based endogenous technical coefficients

Antonio D'Agata, Kenji Mori

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

We develop a characteristic-based model for the endogenous determination of technical coefficients in a linear economy and use it to describe the dynamics of the economy as driven by changes in knowledge. The use of the characteristic approach to determine technical coefficients makes our model suitable to be interpreted as a first attempt towards the formulation of a formal knowledge-based model of technology.

Original languageEnglish
Pages (from-to)195-204
Number of pages10
JournalStructural Change and Economic Dynamics
Volume23
Issue number3
DOIs
Publication statusPublished - 2012 Sep

Keywords

  • Classical approach to price and distribution
  • Technological change
  • Technology

ASJC Scopus subject areas

  • Economics and Econometrics

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