A two-sector model of endogenous growth with leisure

Salvador Ortigueira, Manuel S. Santos and Antonio Ladrón de Guevara Martínez

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: In this paper we analyze a class of endogenous growth models with physical and human capital and with three altematives uses of time: unqualified leisure, work and education. In contrast to some other related models, we find that, even in the absence of technological extemalities, there could be multiple balanced paths. We provide a characterization of the qualitative behavior of consumption, leísure, work and education over those balanced paths, and study their transitional dynamics.

Date: 1995-08
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Related works:
Journal Article: A Two-Sector Model of Endogenous Growth with Leisure (1999)
Working Paper: A Two-Sector Model of Endogenous Growth with Leisure (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:4160

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