Equilibrium Existence in a discrete-time Endogenous Growth Model with Physical and Human Capital

Luis Alcalá

No 298, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: This paper studies a discrete-time version of the Lucas-Uzawa endogenous growth model with physical and human capital. Equilibrium existence is proved applying tools of dynamic programming with unbounded returns. The proofs rely on properties of homogeneous functions and also apply well-known inequalities in real analysis, seldom used in the literature, which significantly simplifies the task of verifying certain assumptions that are rather technical in nature.

Keywords: Endogenous Growth; Equilibrium; Human capital; Dynamic Programming (search for similar items in EconPapers)
JEL-codes: C61 C63 O41 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2024-01
New Economics Papers: this item is included in nep-gro
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https://rednie.eco.unc.edu.ar/files/DT/298.pdf (application/pdf)

Related works:
Working Paper: Equilibrium existence in a discrete-time endogenous growth model with physical and human capital (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:298

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