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A dynamic linear economy with characteristic-based endogenous technical coefficients

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  • D’Agata, Antonio
  • Mori, Kenji

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.

Suggested Citation

  • D’Agata, Antonio & Mori, Kenji, 2012. "A dynamic linear economy with characteristic-based endogenous technical coefficients," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 195-204.
    • Handle: RePEc:eee:streco:v:23:y:2012:i:3:p:195-204
    DOI: 10.1016/j.strueco.2012.03.003
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    More about this item

    Keywords

    Technology; Technological change; Classical approach to price and distribution;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D20 - Microeconomics - - Production and Organizations - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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