Boucekkine, Raouf; Martínez, B.; Ruiz-Tamarit, J. R. - Department of Economics, Adam Smith Business School - 2007
In the traditional literature on the Lucas-Uzawa model, it is proved that in the neighborhood of the long-run balanced growth path, human capital stock grows at a rate greater than its long-run counterpart when the ratio physical to human capi- tal is above its long run value if and only if the...