Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062805 | Economics Letters | 2006 | 6 Pages |
Abstract
Several authors have identified learning-by-doing as a mechanism capable of generating the endogenous propagation of shocks in RBC models. It is shown that this endogenous propagation mechanism depends upon the dynamic structure associated with learning, rather than any functional form assumptions on the accumulation technology.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Andrew J. Clarke,