| 題名: | A Note on the Inclusion of Human Capital in the Lucas Model |
| 作者: | Bidisha Chakraborty Mark Dembovsky |
| 關鍵字: | human capital|endogenous growth|multiple steady-state equilibria|saddle path |
| 期刊名/會議名稱: | international journal of business and economics |
| 摘要: | We include human capital in the utility function in an otherwise standard Lucas (1988) model of endogenous growth and show that there may be multiple steady-state equilibria.We also analyze the transitional dynamic properties of this model. |
| ISSN: | issn16070704 |
| 日期: | 2006/12/01 |
| 分類: | Volume05,No.3 |
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