Endogenous growth, semi-endogenous growth... or both? A simple hybrid model
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DOI: 10.1016/j.econlet.2017.02.019
Abstract: First generation endogenous growth models had the counterfactual implication that the long-term growth of per-capita GDP increased with the population size. Two influential growth paradigms, the semi-endogenous and the second generation fully endogenous, eliminated this… read more here.
Keywords: endogenous growth; growth semi; semi endogenous; growth ... See more keywords
Combining semi-endogenous and fully endogenous growth : A generalization
Sign Up to like & getrecommendations! Published in 2017 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.03.027
Abstract: This paper shows that combining the semi-endogenous and the fully endogenous growth mechanisms with a general CES aggregator, either growth process can prevail in the balanced growth path depending on their degree of complementarity/substitutability. Policy-induced… read more here.
Keywords: fully endogenous; endogenous growth; endogenous fully; semi endogenous ... See more keywords