Endogenous Growth and Fluctuations in an Economy with a Housing Sector

Paulo Brito () and Alfredo Pereira

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: In this ppaer we extend the Uzawa-Lucas endogenous growth model by including housing along three directions: as a households' provider of services and application for savings, as a productive sector (construction), and as an input in education and training activities. The consequences of this extension are crucial: the long run growth rate, the structure of the balanced growth path and the transitional dynamics depend upon the parameters relating to housing.

Keywords: HOUSING; ECONOMIC GROWTH; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E32 O41 R21 R31 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a54

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