Equilibrium efficiency in the Uzawa-Lucas model with sector-specific externalities

This note shows that the competitive equilibrium is efficient in the Uzawa-Lucas endogenous growth model with sector-specific externalities associated to human capital in the goods sector for a large class of goods production technologies.

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Year of publication:	2006-03-23
Authors:	Gómez, Manuel A.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 8.2006, 3, p. 1-8
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	H2 - Taxation, Subsidies, and Revenue ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630300