Quarterly Journal of Economics Vol. 90 No. 1 1976

Technical Change in an Evolutionary Model

Richard R. Nelson¹; Sidney G. Winter²; Herbert L. Schuette²

¹ Yale University · ² University of Michigan–Ann Arbor

Abstract

I. Introduction: Neoclassical theory and the evolutionary alternative, 90, — II. A specific evolutionary model, 93. — III. Calibration of the model, 98. — IV. Simulation results, 102. — V. Conclusion, 116.

DOI

10.2307/1886088

Volume

90

Issue

1

Pages

90

Sources

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