Toward a Multiactivity Generalisation of the Nelson – Winter Model

@inproceedings{Andersen2001TowardAM,
  title={Toward a Multiactivity Generalisation of the Nelson – Winter Model},
  author={Esben S. Andersen},
  year={2001}
}
This paper proposes a multiactivity generalisation of the Nelson–Winter model, or the NW model, in order to turn the attention of evolutionary minded economists toward specialisation and exchange, the emergence of markets for intermediate goods, the specialisation of R&D, and other issues of multisectoral growth and development. The argument and the solution is presented in four steps. First, there is a discussion of some practical difficulties and core theoretical problems in relation to the… CONTINUE READING

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