More on the dynamics in the endogenous growth model with human capital
This paper shows that multiple and globally indeterminate long-run growthrates can easily arise in the two-sector growth model introduced by Lucas(1988). This result is generated by the existence of diminishing returns totime at the private level in human capital accumulation and the existence ofext...
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| Veröffentlicht in: | Investigaciones Económicas |
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| 1. Verfasser: | |
| Format: | Artigo |
| Sprache: | Inglês |
| Veröffentlicht: |
Fundación SEPI
2001
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| Schlagworte: | |
| Online-Zugang: | https://www.redalyc.org/articulo.oa?id=17325305 |
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