Abstract
By introducing the growth rate of new-product innovations into the Solow growth model, this study displays how negative technological shocks could occur frequently and thus the production function can explain the economic growth and the business cycles at the same time.
| Original language | English |
|---|---|
| Pages (from-to) | 277-280 |
| Journal | Journal of Economics, Business and Management |
| Volume | 1 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2013 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 13 Climate Action
Keywords
- Environmental Impact Assessment
- Economic Models and Forecasting
- Environment and Resource Economics
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