Listar por tema "Convergence speed"
Mostrando ítems 1-2 de 2
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Endogenous Growth, Habit Formation and Convergence Speed
(De Gruyter, 2010)[Abstract] This paper analyzes the effect on the economy dynamics of alternative formulations of habit persistence in an endogenous growth model. The focus is on the impact on the convergence speed, which is the key ... -
Factor Substitution, Long-Run Equilibrium, and Convergence Speed in the Lucas Model
(Elsevier, 2023)[Abstract] We study the effect of factor substitution on long-run equilibrium in the Lucas model with CES production. The long-run growth rate does not depend on the elasticity of substitution. However, there is a negative ...