Eckstein, Zvi; Foulides, Costas; Kollintzas, Tryphon - C.E.P.R. Discussion Papers - 1991
In this paper we synthesize exogenous and endogenous sources of economic growth in a stochastic dynamic general equilibrium model. Endogenous growth can be engendered by internal constant returns to scale or by external increasing returns to scale in the production of human capital or in the...