Endogenous Growth with Intertemporally Dependent Preferences.

This paper presents an endogenous growth models with intertemporally dependent preferences and "Ak" technology. We derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the equilibrium dynamics of the economy, and explore the implications of habit formation for the patterns of cross-country growth and convergence.

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Year of publication:	2000
Authors:	Ferraguto, G. ; Pagano, P.
Institutions:	Banca d'Italia
Subject:	ECONOMIC GROWTH \| PREFERENCE \| MODELS

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Series:	Banca Italia - Servizio di Studi.
Type of publication:	Book / Working Paper
Notes:	47 pages
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; O41 - One, Two, and Multisector Growth Models ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005780679