Convergence speed in the Ak endogenous growth model with habit formation
This paper analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way.
Year of publication: |
2008
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Authors: | Gómez, Manuel A. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 1, p. 16-21
|
Publisher: |
Elsevier |
Saved in:
Online Resource
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