RT Generic
T1 On convergence in endogenous growth models
A1 Ortigueira, Salvador
A1 Santos, Manuel S.
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB In this paper we analyze the rate of convergence to a balanced path in a class of endogenous growth models with physical and human capital. We show that such rate depends locally on the technological parameters of the model. but does not depend on those parameters related to preferences. These results stand in sharp contrast with those of the one-sector neoclassical growth model where both preferences and technologies determine the speed of convergence toward a steady state.
SN 2340-5031
YR 1994
FD 1994-12
LK https://hdl.handle.net/10016/2980
UL https://hdl.handle.net/10016/2980
LA eng
DS e-Archivo
RD 18 may. 2024