A Two-sector Model of Endogenous Growth with Leisure

@inproceedings{Santos2009ATM,
  title={A Two-sector Model of Endogenous Growth with Leisure},
  author={Manuel S. Santos},
  year={2009}
}
In this paper we analyze a class of endogenous growth models with physical and human capital and with three altematives uses of time: unqualified leisure, work and education. In contrast to some other related models, we find that, even in the absence of technological extemalities, there could be multiple balanced paths. We provide a characterization of the qualitative behavior of consumption, leísure, work and education over those balanced paths, and study their transitional dynamics. ·Santos… CONTINUE READING
Highly Cited
This paper has 18 citations. REVIEW CITATIONS

From This Paper

Figures and tables from this paper.

References

Publications referenced by this paper.
Showing 1-10 of 20 references

Duality Theory for Dynamic Optimization Models of Econornics: The Continuous Time Case,

J. Benveniste, J.A
Scheinkrnan • 1982
View 5 Excerpts
Highly Influenced

Business Cycles and Aggregate Labor Market Fluetu­ ations," in Frontiers 01 Business Cyele Research, ed., T.F

F. E. Kyd1and
1995

A Dynamic Analysis of an Endogenous Growth Model with Leisure,

S. Ortigueira
1994
View 2 Excerpts

Uniqueness and Indeterminacy: Transi­ tional Dynamics in a Model of Endogenous Growth,

J. Benhabib
Perli • 1994

A Simple Economy with Human Capital: Transitional D:-mamics, Technology Shocks, and Fiscal Policies," mimeo, University of Toronto

Faig
1993
View 1 Excerpt

Externalities and Dynarnics in Models of "Learning or Doing

C. Chamley
International Economic Review, • 1993
View 2 Excerpts

Transitional Dynamics in Two­ Sector :\lodels of Endogenous Growth,

C.B.X. lulligan
Quarterly Journal 01 Economics. Vol. CVIll • 1993

Similar Papers

Loading similar papers…