Endogenous growth model with Bayesian learning and technology selection

DOI10.1016/j.mathsocsci.2021.10.003zbMath1482.91134OpenAlexW3210809581MaRDI QIDQ2070574

Antoine Le Riche, Wentao Fu

Publication date: 24 January 2022

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.mathsocsci.2021.10.003

zbMATH Keywords

Bayesian learningendogenous growthtechnology selection

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Economic growth models (91B62)

Cites Work

• On learning and growth
• Global indeterminacy of the equilibrium in the Chamley model of endogenous growth in the vicinity of a Bogdanov-Takens bifurcation
• Adoption and diffusion of an innovation of uncertain profitability
• Local and global indeterminacy in two-sector models of endogenous growth
• Optimal balanced growth in a general multi-sector endogenous growth model with constant returns
• Necessity of the transversality condition for stochastic models with bounded or CRRA utility
• Optimal growth and uncertainty: Learning
• Optimal timing of technology adoption
• Optimal growth with experimentation
• Capital-labor substitution and competitive nonlinear endogenous business cycles
• Growth under uncertainty with experimentation
• Bayesian learning, growth, and pollution
• A model of technology adoption and growth
• A general two-sector model of endogenous growth with human and physical capital: Balanced growth and transitional dynamics
• On the emergence of competitive equilibrium growth cycles
• Monetary rules in a two-sector endogenous growth model
• Bayesian economists \dots Bayesian agents. An alternative approach to optimal learning
• A Moral Hazard Trap to Growth
• A class of bandit problems yielding myopic optimal strategies
• Necessity of Transversality Conditions for Infinite Horizon Problems
• The perils of Taylor rules
• The net present value method versus the option value of waiting: A note on Farzin, Huisman and Kort (1998)