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Bibliografie

Conference Paper (Czech conference)

Discrete Dynamic Endogenous Growth Model: Derivation, Calibration and Simulation

Kodera J., Van Tran Q., Vošvrda Miloslav

: Proceedings of the 34th International Conference Mathematical Methods in Economics MME 2016, p. 419-424 , Eds: Kocourek A.

: MME 2016. International Conference Mathematical Methods in Economics /34./, (Liberec, CZ, 06.09.2016-09.09.2016)

: GBP402/12/G097, GA ČR

: growth model, endogenous technological progress, Romer's model, discrete optimization problem

: http://library.utia.cas.cz/separaty/2019/E/vosvrda-0508335.pdf

(eng): Endogenous economic growth model were developed to improve traditional growth models with exogenous technological changes. There are several approaches how to incorporate technological progress into a growth model. Romer was the first author who has introduced it by expanding the variety of intermediate goods. Overall, the growth models are often continuous. In our paper we formulate a discrete version of Romer's model with endogenous technological change based on expanding variety of intermediates, both in the final good sector and in the research-development sector, where the target is to maximize present value of the returns from discovering of intermediate goods which should prevail introducing costs. These discrete version then will be calibrated by a numerical example. Our aim is to find the solution and analyse the development of economic variables with respect to external changes.

: AH

: 50201

07.01.2019 - 08:39