We introduce endogenous technological change in a multi-sector recursive dynamic Computable General Equilibrium (CGE) model. We consider the optimisation problem of technology firms that can choose the optimal level of R&D intensity given market conditions. The R&D intensity determines the number of innovations and speed of technological change in each sector. In addition, firms can choose the direction of technological change; for example, when designing...
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  • Jan Witajewski-Baltvilks;

  • 2023/06/27

  • Рабочий документ персонала

  • 191646

  • 1

  • Весь мир,

  • Прочее,

  • 2024/06/21

  • Disclosed

  • Endogenous Technological Change adapted to CGE framework

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