Bethmann, Dirk - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2005
This paper extends the class of stochastic AK growth models with a closed-formsolution to the case where there are two capital goods in the model. To be precise,we consider the Uzawa-Lucas model of endogenous growth with human and physical capital. The extension holds, even if an external effect...