0508335 20240103222528.820190912235959.9 000385239500072 Discrete Dynamic Endogenous Growth Model: Derivation, Calibration and Simulation 6 s. E cav_un_epca*0462920978-80-7494-296-9Proceedings of the 34th International Conference Mathematical Methods in Economics MME 2016419-424LiberecTechnical University2016KocourekA. growth model endogenous technological progress Romer's model discrete optimization problem cav_un_auth*0213210 Kodera J. CZ cav_un_auth*0293636 Van Tran Q. CZ cav_un_auth*0101230 Department of Econometrics 33 Vošvrda Miloslav UTIA-B Ekonometrie Department of Econometrics E E S Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2019/E/vosvrda-0508335.pdf cav_un_auth*0281000 GBP402/12/G097 GA ČR CZ Endogenous economic growth model were developed to improve traditional growth models with exogenous technological changes. There are several approaches how to incorporate technological progress into a growth model. Romer was the first author who has introduced it by expanding the variety of intermediate goods. Overall, the growth models are often continuous. In our paper we formulate a discrete version of Romer's model with endogenous technological change based on expanding variety of intermediates, both in the final good sector and in the research-development sector, where the target is to maximize present value of the returns from discovering of intermediate goods which should prevail introducing costs. These discrete version then will be calibrated by a numerical example. Our aim is to find the solution and analyse the development of economic variables with respect to external changes. cav_un_auth*0333702 MME 2016. International Conference Mathematical Methods in Economics /34./ 06.09.2016-09.09.2016 Liberec CZ AH 50000 50200 50201 2020 3 PR RVO:67985556 http://hdl.handle.net/11104/0299787 cav_un_auth*0379650 Vysoká škola ekonomická, Praha VŠE, Praha CZ S n.a. Proceedings Paper Economics|Social Sciences Mathematical Methods 2016 SCOPUS PUBMED 000385239500072 WOS cav_un_epca*0462920 Proceedings of the 34th International Conference Mathematical Methods in Economics MME 2016 978-80-7494-296-9 419 424 Liberec Technical University 2016 340 Kocourek A. 340 Vavroušek M.