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Elasticity of substitution, long-run growth and convergence speed: A general framework
dc.contributor.author | Gómez, Manuel A. | |
dc.date.accessioned | 2024-09-13T06:47:24Z | |
dc.date.issued | 2024 | |
dc.identifier.citation | Gómez, M. A. (2024) Elasticity of substitution, long‐rungrowth, and convergence speed: A general framework. International Journal of EconomicTheory, 20, 352–370. https://doi.org/10.1111/ijet.12408370 | es_ES |
dc.identifier.issn | 1742-7355 | |
dc.identifier.uri | http://hdl.handle.net/2183/39019 | |
dc.description.abstract | [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 commonly used specifications as particular cases. For two economies with the same initial conditions and parameter values, including the baseline elasticity of substitution, the one with the higher asymptotic elasticity of substitution has the higher long-run growth and convergence speed. If the asymptotic elasticity of substitution is a non-increasing function of its baseline value, an increase in the baseline elasticity of substitution entails a higher long-run growth and convergence speed. | es_ES |
dc.description.sponsorship | This work has been supported by the Grant PID2021-127599NB-I00 funded by MCIN/AEI/ 10.13039/501100011033 and by “European Regional Development Fund A way of making Europe”. | es_ES |
dc.language.iso | eng | es_ES |
dc.publisher | Wiley | es_ES |
dc.relation | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/PID2021-127599NB-I00/ES/ANTICIPACION EN MODELOS DINAMICOS DE EQUILIBRIO GENERAL | es_ES |
dc.relation.uri | https://doi.org/10.1111/ijet.12408370 | es_ES |
dc.subject | Production function | es_ES |
dc.subject | Elasticity of substitution | es_ES |
dc.subject | Long-run growth | es_ES |
dc.subject | Speed of convergence | es_ES |
dc.title | Elasticity of substitution, long-run growth and convergence speed: A general framework | es_ES |
dc.type | info:eu-repo/semantics/article | es_ES |
dc.rights.access | info:eu-repo/semantics/embargoedAccess | es_ES |
dc.date.embargoEndDate | 2026-07-01 | es_ES |
dc.date.embargoLift | 2026-07-01 | |
UDC.journalTitle | International Journal of Economic Theory | es_ES |
UDC.volume | 20 | es_ES |
UDC.startPage | 352 | es_ES |
UDC.endPage | 370 | es_ES |
dc.identifier.doi | https://doi.org/10.1111/ijet.12408370 |
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