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Utility and Production Externalities, Equilibrium Efficiency and Leisure Specification
(Elservier, 2008)
[Abstract] This paper analyzes the implications that the specification of the leisure activity has on the equilibrium efficiency in a two-sector endogenous growth model with human capital accumulation. We
consider external ...
Fiscal policy, congestion, and endogenous growth
(Willey, 2008)
[Abstract]: We devise an endogenous growth model with private and public physical capital, and human capital, which allows for relative and absolute congestion. According to empirical evidence, long-run growth is invariant ...