Gómez, Manuel A.Departamento de Economía Aplicada II2015-01-202015-01-202012Gómez, Manuel A. (2012), Equilibrium dynamics in the neoclassical growth model with habit formation and elastic labor supply, Theoretical Economics Letters 2, 5.2162-2086http://hdl.handle.net/2183/13935This 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 formation process comprises the particular cases of internal and external habits. Existence, uniqueness and saddle-path stability of the steady state are proved analytically.engEconomic growthHabit formationEquilibrium dynamicsjournal articleopen access