Raouf, BOUCEKKINE; Blanca, MARTINEZ; Cagri, SAGLAM - Institut de Recherche Économique et Sociale (IRES), … - 2007
We study optimal growth model à la Nelson and Phelps (1966) where labor resources can be allocated either to production, technology adoption or capital maintenance. We first characterize the balanced growth paths of a benchmark model without maintenance. Then we introduce the maintenance...