On convergence in endogenous growth models

Salvador Ortigueira and Manuel S. Santos

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: 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.

Keywords: Neoclassical; Growth; Model; Endogenous; Growth; Models; Stability; Speed; of; Convergence (search for similar items in EconPapers)
Date: 1994-12
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: On convergence in endogenous growth models (1996)
Working Paper: On Convergence in Endogenous Growth Models (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:2980

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