Advanced Search
MyIDEAS: Login

Externalities and Dynamics in Models of "Learning or Doing"

Contents:

Author Info

  • Christophe Chamley

Abstract

This paper analyzes the dynamics of general equilibrium models with ex- ternalities in human capital accumulation and measures analytically the impact of endowment shocks on the levels of output in the short- and the long-run. For some parameter values, self-fullfilling expectations and exter- nalities generate a continuum of equilibria. In general, positive endowment shocks can be followed by higher or lower growth rates. A simple condition is established for a positive impact of physical capital on the level of output in the long-term. Under the same condition which is satisfied for plausible values of the structural parameters, lump-sum taxa- tion is less efficient than some capital income taxation.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by Boston University, Institute for Economic Development in its series Boston University - Institute for Economic Development with number 17.

as in new window
Length:
Date of creation: May 1991
Date of revision:
Handle: RePEc:fth:bosecd:17

Contact details of provider:
Postal: 264 Bay State Road, Boston, MA 02215
Phone: 617-353-4030
Fax: 617-353-4143
Email:
Web page: http://www.bu.edu/econ/ied/
More information through EDIRC

Related research

Keywords:

Other versions of this item:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:fth:bosecd:17. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.