| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 987015 | Structural Change and Economic Dynamics | 2012 | 10 Pages |
Abstract
⺠The paper analyzes the possible temporary negative effect of an innovation. ⺠We use of a flow representation of production. ⺠We analyze the obsolescence effect induced by a rise in the interest rate. ⺠We find that time to build its a sufficient condition for such a paradox to occur. ⺠The sectoral distribution of obsolescence depends on capital market stickiness.
Related Topics
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Authors
Fabrizio Patriarca,