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Convergence speed in the Ak endogenous growth model with habit formation

✍ Scribed by Manuel A. Gómez


Book ID
116421933
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
202 KB
Volume
100
Category
Article
ISSN
0165-1765

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Intertemporal and intratemporal substitu
✍ Stephen J. Turnovsky 📂 Article 📅 2002 🏛 Elsevier Science 🌐 English ⚖ 565 KB

This paper re-examines the speed of convergence in a one-sector growth model under fairly general conditions with respect to both production and preferences. We investigate the response of the rate of convergence to the intratemporal elasticity of substitution in production, and to the intertemporal