Convergence speed in the Ak endogenous growth model with habit formation

Manuel Gómez

Economics Letters, 2008, vol. 100, issue 1, 16-21

Abstract: This paper analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way.

Date: 2008
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Citations: View citations in EconPapers (13)

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