Conway, Bruce A.; Rosenblatt-Wisch, Rina; … - Swiss National Centre of Competence in Research North … - 2008
This paper examines numerically the impact of a negative exogenousshock to marginal productivity (such as ecological government regulationthat becomes eective at some point in time) in an endogenousnite time growth model with sluggish reallocation of human capital.The policy can be anticipated...