|Series||NBER working paper series -- no. 8287, Working paper series (National Bureau of Economic Research) -- working paper no. 8287.|
|Contributions||National Bureau of Economic Research.|
|The Physical Object|
|Pagination||60 p. :|
|Number of Pages||60|
In this case, dirty input production will grow at the rate γ η ̃ instead of the higher rate γη d with directed technical change. This implies that when the two inputs are strong substitutes (ε ≥ 1/ (1 − α)), under laissez-faire a disaster will occur sooner with directed technical change than without. But while, as we have just seen Cited by: The paper applies more general economic insights from directed technical change literature (Acemoglu, (Acemoglu,, to climate change, and develops a model in which, in contrast to the. The Environment and Directed Technical Change† By Daron Acemoglu, Philippe Aghion, Leonardo Bursztyn, and David Hemous* This paper introduces endogenous and directed technical change in a growth model with environmental constraints. The finalgood is pro-duced from “dirty” and “clean” inputs. We show that: (i) when inputs. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.
Directed Technical Change DARON ACEMOGLU MIT First version received May ; ﬁnal version accepted February (Eds.) For many problems in macroeconomics, development economics, labour economics, and international trade, whether technical change is biased towards particular factors is of central importance. Get this from a library! Directed technical change. [Daron Acemoglu; National Bureau of Economic Research.] -- Abstract: For many problems in macroeconomics, development economics, labor economics, and international trade, whether technical change is biased towards particular factors is of central importance. While the former encourages innovations directed at scarce factors, the latter leads to technical change favoring abundant factors. The elasticity of substitution between different factors regulates how powerful these effects are, and this has implications about how technical change and factor prices respond to changes in relative supplies. Directed Technical Change and Wage Inequality," CEPR Discussion Papers , C.E.P.R. Discussion Papers. Kiley, Michael T, " The Supply of Skilled Labour and Skill-Biased Technological Progress," Economic Journal, Royal Economic Society, vol. (), pages , October.
The Environment and Directed Technical Change This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses “dirty” machines and thus creates environmental Size: 1MB. Technological change (TC) or technological development, is the overall process of invention, innovation and diffusion of technology or processes. In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of. Driving Technical Change is about pages. It is an easy and quick read. The advise is useful, however the stereotypes are IMHO a little dangerous. The only advise I disagreed with was the strong management enforcing comments made in the end. Overall, the book had some good ideas, yet I wouldn't recommend this book when driving technical change/5(17). The Environment and Directed Technical Change Daron Acemoglu, Philippe Aghion, Leonardo Bursztyn, and David Hemous NBER Working Paper No. October JEL No. C65,O30,O31,O33 ABSTRACT This paper introduces endogenous and directed technical change in a growth model with environmental constraints and limited resources.