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Interactions in the basic Nelson and Winter model?

a) Science based regime

Industry wide anonymous interactions through


displaymath158

I is the set of active firms in the industry.


displaymath159

tex2html_wrap_inline168 represents the latent evolution of technology caused by out of industry R&D.

b) Industry wide cumulative innovation

Industry wide anonymous interactions through


displaymath160

where tex2html_wrap_inline170 is the average productivity in the industry.

c) Firm level cumulative innovation

Industry wide anonymous interactions through


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Supplementary source of global interactions through tex2html_wrap_inline172 if the scope of technological knowledge at the industry level is taken into account.

We have no tagged individual interactions!


next up previous
Next: Sources of local interactions? Up: Basic mechanisms Previous: Basic mechanisms


Sam 18 Oct 09:10:57 DFT 1998