Jones, Larry E.; Manuelli, Rodolfo E.; Siu, Henry E. - In: Review of Economic Dynamics 8 (2005) 4, pp. 805-828
Using ideas from the endogenous growth literature, we present a model of the endogenous determination of productivity growth based on individual worker decisions about human capital investment. We calibrate a version of the model to match long run growth facts from the US and study the business...