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.
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Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number
99a54.
Length: 27 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:aixmeq:99a54
Contact details of provider: Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE. Phone: 04.91.14.07.70 Fax: 04.91.90.02.27 Email: Web page: http://www.vcharite.univ-mrs.fr/GREQAM/ More information through EDIRC
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