Transitional dynamics of an endogenous growth model with an erosion effect
The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system o...
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| Format: | workingPaper |
| Language: | eng |
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2014
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| Online Access: | http://hdl.handle.net/10362/11855 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/11855 |