Year: 1978
Author: Sell, Axel, Andresen, Harald
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 113–122
Abstract
From a growth model bearing the effects of innovation through the development of the capital stock, Spremann acts upon that innovative behaviour through rearrangement of capital stock, could lead to lower growth rates even when having desirable effect in the short term. It can be shown that such a result is impossible without assuming the contraction of demand. At last it would request a construction of a model, which explicitly includes demand. Furthermore it was suggested that the vector describing the effect of innovation should be changeable in time.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.98.1.113
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 113–122
Published online: 1978-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 10
Author Details
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