Convergence speed in the Ak endogenous growth model with habit formation
AbstractThis paper analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 100 (2008)
Issue (Month): 1 (July)
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Web page: http://www.elsevier.com/locate/ecolet
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