Chapter 5: The Schumpeterian Model - Brown University

In this chapter, we describe the basics of the Schumpeterian framework. In particular, Section 5.2 presents a simple discrete time version of the Schumpeterian growth model. Section 5.3 then presents a continuous time version of the one-sector Schumpeterian model. Section 5.4 then extends the continuous time model to multiple sectors.

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