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Equilibrium dynamics in two-sector models of endogenous growth

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  • Ladron-de-Guevara, Antonio
  • Ortigueira, Salvador
  • Santos, Manuel S.

Abstract

This paper presents an account of the dynamics of endogenous growth models with physical capital and human capital. We consider some important extensions of the basic framework of Lucas (1988) and Uzawa (1964), including physical capital in the human capital technology and leisure activities as an additional argument of agents' welfare.
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  • Ladron-de-Guevara, Antonio & Ortigueira, Salvador & Santos, Manuel S., 1997. "Equilibrium dynamics in two-sector models of endogenous growth," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 115-143, January.
    • Handle: RePEc:eee:dyncon:v:21:y:1997:i:1:p:115-143
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