## The Growth of Nations,

- Mankiw, N. Gregory
- Brookings Papers on Economic Activity,
- 1995

@inproceedings{2015TheLG, title={The Lucas Growth Model 1 Setup ?}, author={}, year={2015} }

- Published 2015

1 Setup ? presents a growth model in which output is generated via a production function of the form Y = AK α (uhL) 1−α (1) where Y, A, and K are as usually defined and 0 < α < 1. The variable u is defined as the proportion of total labor time spent working, and h is what Lucas calls the stock of 'human capital.' The production function can be rewritten in… CONTINUE READING

### Presentations referencing similar topics