IDEAS home Printed from https://ideas.repec.org/p/fth/bosecd/17.html
   My bibliography  Save this paper

Externalities and Dynamics in Models of "Learning or Doing"

Author

Listed:
  • Christophe Chamley

Abstract

This paper analyzes the dynamics of general equilibrium models with ex- ternalities in human capital accumulation and measures analytically the impact of endowment shocks on the levels of output in the short- and the long-run. For some parameter values, self-fullfilling expectations and exter- nalities generate a continuum of equilibria. In general, positive endowment shocks can be followed by higher or lower growth rates. A simple condition is established for a positive impact of physical capital on the level of output in the long-term. Under the same condition which is satisfied for plausible values of the structural parameters, lump-sum taxa- tion is less efficient than some capital income taxation.

Suggested Citation

  • Christophe Chamley, 1991. "Externalities and Dynamics in Models of "Learning or Doing"," Boston University - Institute for Economic Development 17, Boston University, Institute for Economic Development.
    • Handle: RePEc:fth:bosecd:17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:bosecd:17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: https://edirc.repec.org/data/iedbuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.