Browsing by Subject "Endogenous growth"
Now showing items 1-9 of 9
-
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 ... -
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 ... -
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 ... -
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, ... -
The role of market power in economic growth: an analysis of the differences between EU and US competition policy theory, practice and outcomes
(Universidade da Coruña, Servizo de Publicacións, 2016)[Abstract The European Union has experienced weak economic performance over the past 15 years, compared to the United States. In order to restore investment, innovation, and therefore growth, the European Commission seeks ... -
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 ... -
The welfare cost of external habits: a quantitat ive assessment
(Universidad de Chile, 2010)[Abstract]: This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current consumption and a reference consumption level ... -
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 ...