Torre, Davide La; Simone, Marsiglio; Mendivil, Franklin; … - Dipartimento di Economia e Statistica "Cognetti de … - 2015
We analyze two types of stochastic discrete time multi-sector endogenous growth models, namely a basic Lucas-Uzawa (1988) model and an extended three-sector version as in La Torre and Marsiglio (2010). As in the case of sustained growth the optimal dynamics of the state variables are not...