Learning-by-doing and the optimal Ramsey interest rate
Saint Mary's University
Imperfectly competitive Ramsey model with learning-by-doing (LBD) embedded in firms' technology through organizational capital accumulation as a by-product of production
intermediate firms: monopolistic competition with learning-by-doing and organizational capital; final firms: perfect competition with CES aggregation
Table 1 p.57
10% Learning (θ = 0.14), baseline calibration with learning-by-doing
Authors state θ = 0.14 as baseline case in Section 3, consistent with Cooper and Johri (2002)