Article ID Journal Published Year Pages File Type
5061907 Economics Letters 2008 6 Pages PDF
Abstract
This paper analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Convergence speed in the Ak endogenous growth model with habit formation
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