A two-sector overlapping generations economy: economic growth and multiple equilibria
Luciano Fanti () and
Luca Gori ()
Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy
We study an overlapping generations economy with two sectors of production, the commodities sector and the services sector and public health investments that affect the lifetime of people (as in Chakraborty, 2004). It is shown a reallocation of labour towards the services sector increases capital accumulation and longevity, thus allowing those economies that, for some exogenous reasons, were entrapped into poverty to prosper.
JEL-codes: I18 O41 (search for similar items in EconPapers)
Note: ISSN 2039-1854
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2010/100
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