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Equilibrium dynamics in the neoclassical growth model with habit formation and elastic labor supply
(Scientific Research Publishing, 2012)
This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences and elastic labor supply. Habits enter into utility in a multiplicative way. The specification of the habit ...
Optimal R&D subsidies in a model with physical capital, human capital and varieties
(Elsevier, 2013)
[Abstract] In this paper, we analyze the social planner solution of an endogenous growth model with physical capital, human capital and R&D. The model incorporates three sources of inefficiency: monopolistic competition ...
The transitional dynamics of an endogenous growth model: Generalizing production functions
(De Gruyter, 2012)
This paper devises a class of endogenous growth models with physical capital, human capital and product varieties. Unlike previous literature, we introduce a general specification of production that allows for disentangling ...
On the Closed-Form Solution of an Endogenous Growth Model With Anticipated Consumption
(2021)
[Abstract] This paper derives a closed-form solution of the AK endogenous growth model with logarithmic
preferences and anticipated future consumption which enters additively into effective consumption.
We get an explicit ...
Phases of Economic Development: Do Initial Endowments Matter?
(De Gruyter, 2012)
[Abstract] Different industrializing experiences beginning on innovation or education could be explained not only by different structural parameters or policies but also by differences in factor endowments. In this paper, ...