Jones, Larry E.; Manuelli, Rodolfo E.; Siu, Henry E. - Federal Reserve Bank of Minneapolis - 2000
We present a class of convex endogenous growth models and analyze their performance in terms of both growth and … exogenous growth rate of productivity as an endogenous growth rate of human capital. This perspective allows us to compare the … strengths of the two classes of models. ; To highlight the mechanism that gives endogenous growth models the ability to improve …