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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详细
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2023/06/27
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员工工作文件
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191646
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1
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2024/06/21
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Disclosed
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Endogenous Technological Change adapted to CGE framework