Gómez, Manuel A.2025-10-162025-10-162020Gómez, M.A. (2020). Factor substitution, long-run growth, and speed of convergence in the one-sector convex endogenous-growth model. Metroeconomica 71, 2–21. https://doi.org/10.1111/meca.122631467-999Xhttps://hdl.handle.net/2183/46001This is the peer reviewed version of the article which has been published in final form at https://doi.org/10.1111/meca.12263[Abstract] We study the link between the elasticity of factor substitution, long-run growth and the speed of convergence in the one-sector convex growth model. Technology is such that the marginal product of capital is bounded away from zero leading to endogenous growth. In particular, we consider the CES, VES and Sobelow production functions. We show that for two economies differing uniquely in initial factor substitutability, the economy with the higher initial elasticity of substitution will feature a higher long-run growth rate and a higher speed of convergence, irrespective of the specification of the production function.engThis article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.Elasticity of substitutionLong-run growthEndogenous growthSpeed of convergencejournal articleopen access10.1111/meca.12263