On Convergence in Endogenous Growth Models
In this paper we analyze the rate of convergence to a balanced path in a class of endogenous growth models with physical and human capital. We show that such rate depends locally on the technological parameters of the model, but does not depend on those parameters related to preferences. These results stand in sharp contrast with those of the one-sector neoclassical growth model where both preferences and technologies determine the speed of convergence toward a steady state.
Year of publication: |
1994-11
|
---|---|
Authors: | Ortigueira, Salvador ; Santos, Manuel S. |
Institutions: | Centro de Investigación Económica (CIE), Departamento Académico de Economía |
Saved in:
Saved in favorites
Similar items by person
-
Equilibrium Dynamics in Two-Sector Models of Endogenous Growth
Guevara, Antonio Ladron de, (1994)
-
A Two-Sector Model of Endogenous Growth with Leisure
Guevara, Antonio Ladron de, (1995)
-
Fiscal Policy in an Endogenous Growth Model with Human Capital Accumulation
Ortigueira, Salvador, (1996)
- More ...