Capital Growth Paths of the Neoclassical Growth Model

Taro Takahashi

PLOS ONE, 2012, vol. 7, issue 11, 1-5

Abstract: This paper derives the first-order approximated paths of both types of capital in the two-capital neoclassical growth model. The derived capital growth paths reveal that the short-run growth effect of capital injection differs considerably depending on which type of capital is enhanced. This result demonstrates the importance of well-targeted capital enhancement programs such as public sector projects and foreign aid.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0049484

DOI: 10.1371/journal.pone.0049484

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