two-sector growth model
Global analysis and indeterminacy in a two sector growth model with human capital
... the two-sector growth model with accumulation of human and physical capital analyzed by Brito, ...explore two cases where the Brito-Venditti system admits two balanced ...
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Fractals and self-similarity in economics: the case of a two-sector growth model
... discrete-time, two-sector growth model in which production of a unique homogeneous good depends on both physical and human capital through a Cobb-Douglas technology, while education requires ...
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Fractals and self-similarity in economics: the case of a two-sector growth model
... discrete-time, two-sector growth model in which production of a unique homogeneous good depends on both physical and human capital through a Cobb-Douglas technology, while education requires ...
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Industrial structure and productivities in a two sector growth model
... in growth theory recently, which explains how production factors, such as labor, capital outflow from agriculture into industry and ...economic growth was not on the balance ...economic growth rates ...
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Optimal Equilibrium State in Two Sector Growth Model
... these two values automatically leads to a decrease of the ...one-commodity model. When the profit rate grows, the price in the sector with greater capital intensity rises ...
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An unbalanced two sector growth model with constant returns:a turnpike approach
... state growth rate. The industry growth rate is highly correlated to industry's technical progress measured by total factor productivity (TFP) of the industry, which exhibits large difference across ...
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Business Cycles with Periodic Shocks in A Multi-Country and Multi-Regional Neoclassical Growth Model
... economic growth model with any number of countries and each country with any number of regions recently proposed by Zhang ...Zhang’s model extends Uzawa’s two-sector growth ...
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A two sector OLG economy: economic growth and demographic behaviour
... analyses two prominent problems on the political and economic debate of many countries: (i) population ageing, and (ii) the increasing demand for both health care provision and services for old age ...into ...
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Elasticity of Factor Substitution and Capital Formation in a Two Sector Economy
... The present paper examines the role of factor substitution in a two-sector neoclassical growth model where investment goods and consumption goods are produced by use of different technolo[r] ...
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Indeterminacy in Two Sector Models of Endogenous Growth with Leisure
... Condition (57) makes three points. First, if the utility function is separable (σ = 1), then (57) cannot be met and indeterminacy will not emerge. Second, indeterminacy needs social increasing returns in the consumption ...
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From stability to growth in neoclassical multisector models
... neoclassic growth theory from the early 1960s onwards, and it had two main ...Solow model – in particular, the stability of the equilibrium path – were maintained also in an economy with several ...
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"Growth in an open economy: some recent developments"
... the two-sector endogenous growth model. The model included two capital goods, physical capital and human ...output sector, using both human and physical ...education ...
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The two sector endogenous growth model: an atlas
... output growth is set to κ = ...per-capita growth rates between 1997 and 2006 in the United Kingdom, at ...upper two and lower two panels we set the population growth rate to n = ...
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The welfare cost of one size fits all patent protection
... the two patent regimes satisfies μ = α ...the two regimes yield the same growth rate is a model- specific result based on a number of functional-form ...These two results together imply ...
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Evaluating the Effects of FDI on Growth in the Context of One and Two-Sector Endogenous Growth Models.
... Now I will turn to the case when the host country deviates from its BGP value of K to H ratio by having more K type capital than H. The important difference from the previous case is that both home and host country ...
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Development of a two sector model with an extended energy sector and application to Portugal (1960 2014)
... economic growth, which at most acknowledge energy consumption as a cause – not a driver – of ...but growth accounting exercises applied to many developed economies reveal that an exogenous residual term – ...
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Investment Specific Technological Progress and Structural Change
... or two sectors, while failing to allow for structural change after a steady state is ...multi-sector model that allows for measured growth of productivity and demand for each of the sectors ...
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A note on demographic shocks in a multi-sector growth model
... function. Two extreme cases, = 0 and = 1, representing respectively the case in which welfare is of the Benthamite and Millian type (see for example Palivos and Yip (1993)), are mostly discussed in the ...have ...
7
A note on demographic shocks in a multi-sector growth model
... function. Two extreme cases, = 0 and = 1, representing respectively the case in which welfare is of the Benthamite and Millian type (see for example Palivos and Yip (1993)), are mostly discussed in the ...have ...
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Fiscal policy and indeterminacy in models of endogenous growth
... his model by restricting the ex- ternal effects to the average, rather than the aggregate amount of human ...one sector model to a model with two sectors, Lucas maintained the assumption ...
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