Browsing by Keyword "Putty-clay"

Now showing items 1-2 of 2

    • The implications of embodiment and Putty-Clay to economic development 

      Pessôa, Samuel de Abreu; Rob, Rafael
      2004-04-01
      In this paper we construct and analyze a growth model with the following three ingredients. (i) Technological progress is embodied. (ii) The production function of a firm is such that the firm makes both technology upgrade ...

    • Vintage capital, distortions and development 

      Pessôa, Samuel de Abreu; Rob, Rafael
      2002-05-16
      This paper asks to what extent distortions to the adoption of new technology cause income inequality across nations. We work in the framework of embodied technological progress with an individual, C.E.S. production function. ...