Perez-Sebastian, Fidel; Guillo, María Dolores - Society for Economic Dynamics - SED - 2007
This paper shows, within a Heckscher-Ohlin version of the two-sector neoclassical growth model, that land, besides having long-run effects, is also a main determinant of the speed of convergence toward the steady state when there are cross-sector capital share differences. This result stands in...