Balanced growth and degrowth with human capital

Bosi, Stefano and Camacho, Carmen and Ha-Huy, Thai (2023): Balanced growth and degrowth with human capital.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: human capital, balanced growth path
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth

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