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Balanced growth and degrowth with human capital

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  • Bosi, Stefano
  • Camacho, Carmen
  • Ha-Huy, Thai

Abstract

We consider a simple discrete-time version of Lucas (1988). When the speed of human capital accumulation is high (low), the Balanced Growth (Degrowth) Path is the unique optimal solution.

Suggested Citation

  • Bosi, Stefano & Camacho, Carmen & Ha-Huy, Thai, 2023. "Balanced growth and degrowth with human capital," MPRA Paper 118320, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118320
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    human capital; balanced growth path;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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