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TAXATION IN THE TWO-SECTOR NEOCLASSICAL GROWTH MODEL WITH SECTOR-SPECIFIC EXTERNALITIES AND ENDOGENOUS LABOUR SUPPLY

✍ Scribed by DAISUKE AMANO; JUN-ICHI ITAYA

Book ID
117953752
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
641 KB
Volume
64
Category
Article
ISSN
1352-4739

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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