Browsing by Author "Gómez, Manuel A."
Now showing items 1-20 of 27
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La dependencia lineal del conjunto de trabajo en el método de conjunto activo que controla la inercia
Gómez, Manuel A.; Pedreira Andrade, Luis Pedro (1998)[Resumen]: Una hipótesis básica de los métodos de conjunto activo es la independencia lineal del conjunto de trabajo. Sin embargo, si el conjunto de trabajo contiene restricciones insatisfechas introduce el riesgo de que ... -
Elasticity of substitution, long-run growth and convergence speed: A general framework
Gómez, Manuel A. (Wiley, 2024)[Abstract]: This paper studies the effect of factor substitution on long-run growth and the convergence speed in the one-sector endogenous-growth model. We consider a general production function that encompasses the most ... -
Endogenous Growth, Habit Formation and Convergence Speed
Gómez, Manuel A. (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 ... -
Equilibrium dynamics in the neoclassical growth model with habit formation and elastic labor supply
Gómez, Manuel A. (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 ... -
Equilibrium Efficiency in the Ramsey Model with Habit Formation
Gómez, Manuel A. (De Gruyter, 2007)[Abstract]: This paper analyzes the equilibrium efficiency in a Ramsey model with habit formation. Uniqueness and saddle-path stability of the steady state is proved analytically. The competitive equilibrium is efficient ... -
Equilibrium efficiency in the Uzawa−Lucas model with sector−specific externalities
Gómez, Manuel A. (2006)[Abstract]: This note shows that the competitive equilibrium is efficient in the Uzawa−Lucas endogenous growth model with sector−specific externalities associated to human capital in the goods sector for a large class ... -
Factor Substitution, Long-Run Equilibrium, and Convergence Speed in the Lucas Model
Gómez, Manuel A. (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 ... -
Fiscal policy, congestion, and endogenous growth
Gómez, Manuel A. (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 ... -
Global Dynamics and Optimal Policy in the Ak Model with Anticipated Future Consumption
Gómez, Manuel A. (De Gruyter, 2024)[Abstract]: This paper analyzes the Ak model with anticipated future consumption. In the model with internal anticipation individual’s utility depends on current consumption and a forward-looking reference level which is ... -
Long-Run Growth, Speed of Convergence and the Specification of Technology
Gómez, Manuel A. (De Gruyter, 2022)[Abstract]: This note analyzes the effect that the specification of technology has on the long-run growth rate and the asymptotic speed of convergence in the one-sector endogenous-growth model. We compare three otherwise ... -
On the Closed-Form Solution of an Endogenous Growth Model With Anticipated Consumption
Gómez, Manuel A. (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 Fiscal Policy in the Uzawa-Lucas Model with CES Production
Gómez, Manuel A.; Sarmiento Escalona, Antonio; Seijas-Macías, J. Antonio (2004)[Abstract]: This paper devises an endogenous growth model with human capital in the UzawaLucas framework in which the average human capital has a positive external effect on the goods sector. Unlike previous works, this ... -
Optimal R&D subsidies in a model with physical capital, human capital and varieties
Gómez, Manuel A.; Sequeira, Tiago N. (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?
Gómez, Manuel A.; Sequeira, Tiago N. (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, ... -
Public Spending in a Model of Endogenous Growth with Habit Formation
Gómez, Manuel A. (2010)[Abstract]: This paper introduces habit-forming preferences in a Barro-type endogenous growth model with productive public services. Government expenditure, which may be subject to congestion, is financed by distortionary ... -
Reforma fiscal y bienestar: el caso de Chile
Gómez, Manuel A.; Seijas-Macías, J. Antonio (Pontificia Universidad Católica de Chile, 2000)[Abstract]: Welfare-maximizing fiscal structures are determined in a two-sector model of endogenous growth calibrated for the Chilean economy. Under the baseline, the current tax structure is found to be close to the optimal ... -
Should the US increase subsidies to R&D? Lessons from an endogenous growth theory
Gómez, Manuel A.; Sequeira, Tiago N. (Oxford University Press, 2014)[Abstract]: In this article we devise an endogenous growth model with R&D, physical capital, and human capital with several externalities. The model is calibrated to the US economy and used to quantitatively evaluate the ... -
Stages of Economic Development in an Innovation-Education Growth Model
Gómez, Manuel A. (De Gruyter, 2011)[Abstract]: Physical capital accumulation, knowledge formation and R&D-based technological progress are considered the three main sources of growth. The common view is that they characterize, in a temporal order, the ... -
Subsidy Policies in a Fertility Choice Model
Gómez, Manuel A. (Springer, 2001)[Abstract]: This paper compares the effects that a subsidy to health expenditure or a subsidy to childrearing costs has in a fertility choice model in which mortality is also endogenously determined. Whichever subsidy is ... -
The effect of the government temporal horizon on the optimal tax structure
Gómez, Manuel A. (2004)[Abstract]: The government temporal horizon is shown to be a key determinant of the optimal tax structure in an endogenous growth model of the US economy. As the temporal horizon lengthens, wage taxation is gradually ...
