Stochastic Model of Economic Growth with Heterogeneous Technology and Technological Upgrading

Conference paper
Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 37)

Abstract

In our paper, we present in the first place a stochastic model of optimal growth with heterogeneous technology with job qualifications. We are based on the models of Pesaran, Binder and Romer with technological transfer, we find the optimal fraction for the qualification of the employment in order to obtain a more favorable income. Second, we establish the conditions on the coefficient of technological diffusion, for which the country partially upgrading with their technological level.

Keywords

Economic growth Heterogeneous technology Stochastic model Technological upgrading 

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Laboratory of Modeling and Scientific Computation, Sciences and technologies FacultySidi Mohamed Ben Abdellah UniversityFezMorocco

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