A Modified Neoclassical Growth Model with Endogenous Labor Participation

Delano Villanueva, Roberto Mariano, Diwa C Guinigundo and Abbas Mirakhor

Chapter 3 in Economic Adjustment and Growth:Theory and Practice, 2023, pp 44-64 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionThe Modified Growth ModelDiscussionReduced ModelComparative DynamicsThe Growth Effects of a Higher Saving RateThe Growth Effects of an Increase in Technical ChangeThe Growth Effects of a Decline in Labor ParticipationRelated IssuesConclusionReferences

Keywords: Adjustment and Growth; Testing Growth Models; Labor Participation; Human and Intellectual Capital; Finance and Growth; Adaptive Inflationary Expectations; Learning by Doing; Optimal Saving; Sustainable Foreign Debt; Stabilization and Structural Policies; Emerging Economy Case Study (search for similar items in EconPapers)
JEL-codes: E E02 F4 O11 O4 (search for similar items in EconPapers)
Date: 2023
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Related works:
Journal Article: A MODIFIED NEOCLASSICAL GROWTH MODEL WITH ENDOGENOUS LABOR PARTICIPATION (2020)
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