Revisiting the process of aggregate growth recovery after a capital destruction
We study the implications of a growth model including social capital and habit formation concerning the recovery of economies that suffer from an exogenous destruction in their capital stock. Habits exhibit very low persistence and depend only on last period's consumption as suggested by empiri...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.14/35886 |
| Country: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/35886 |