Homburg, Stefan - In: Zeitschrift für Wirtschafts- und Sozialwissenschaften 115 (1995) 3, pp. 339-366
In the paper a growth model is developed which admits endogenous growth. Endogenous growth is due to simultaneous efficient accumulation of physical as well as human capital. In contrast to similar growth models, we assume that output can be transformed into either physical or human capital...
