Difference between revisions of "Product-variety model"

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(See also)
 
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==See also==
 
==See also==
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[[Schumpeterian growth theory]]
  
 
==External links==
 
==External links==
  
 
==References==
 
==References==

Latest revision as of 18:25, 7 May 2018

The product-variety model is a long-run economic growth model.

The product-variety model of Romer (1990) is a branch of innovation-based growth models. According to the PVM, innovation causes productivity growth by creating new, but not necessarily improved, varieties of products.[1]

See also

Schumpeterian growth theory

External links

References

  1. Aghion, Philippe; Howitt, Peter W. The Economics of Growth.