A MODIFIED NEOCLASSICAL GROWTH MODEL WITH ENDOGENOUS LABOR PARTICIPATION

In light of robust econometric results on the determinants of labor participation in 36 advanced economies reported by Grigoli et al. (2018) and independently by CBO (2018), my paper modifies the Solow (1956) - Swan (1956), or S-S, growth model by making endogenous the rate of labor participation (e...

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Bibliographic Details
Main Author: Delano Segundo Villanueva
Format: Artigo
Language:Indonésio
Published: Bank Indonesia 2020-02-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Subjects:
neoclassical growth
technical change
labor participation
growth policies
Online Access:https://www.bmeb-bi.org/index.php/BEMP/article/view/1175
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