Convergence speed in the Ak endogenous growth model with habit formation

被引:13
|
作者
Gomez, Manuel A. [1 ]
机构
[1] Univ A Coruna, Fac Ciencias Econ & Empresariales, Dept Appl Econ 2, La Coruna 15071, Spain
关键词
convergence speed; habit formation; endogenous growth;
D O I
10.1016/j.econlet.2007.10.022
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper Analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way. (c) 2007 Elsevier B. V All rights reserved.
引用
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页码:16 / 21
页数:6
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