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Tax structure and welfare in a model with human capital

✍ Scribed by Manuel Alberto Gómez Suárez

Publisher
Springer US
Year
1999
Tongue
English
Weight
90 KB
Volume
27
Category
Article
ISSN
0197-4254

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Equilibrium dynamics in the one-sector e
Equilibrium dynamics in the one-sector endogenous growth model with physical and human capital
✍ Manuel A. Gómez 📂 Article 📅 2003 🏛 Elsevier Science 🌐 English ⚖ 421 KB

This paper concerns the transitional dynamics of the one sector endogenous growth model with physical and human capital when gross investments are irreversible. It has been claimed that the transition path is on the stable saddle path of the system that describes the dynamics of the economy as long