Rao, B. Bhaskara; Vadlamannati, Krishna Chaitanya - In: Applied Economics Letters 18 (2011) 1, pp. 59-62
In the extended Solow growth model of Mankiw et al. (1992), human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth-improving variable. Human capital may have both a permanent level and a permanent growth effect, we show how both...