Lecture notes on economic growth (II): Five prototype models of endogenous growth
Abstract
This paper explores the five simplest models of endogenous growth. We start with the AK model (Rebelo (1990)) and argue that all endogenous growth models can be viewed as variations or microfoundations of it. We then examine the Barro (1990) model of government spending and growth. Next we look at the Arrow-Sheshinskj-Romer model of learning by doing and externalities. The Lucas (1988) model of human capital accumulation is then considered. Finally, we present a simple model of R&D and growth.(This abstract was borrowed from another version of this item.)
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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 78.Length:
Date of creation: May 1994
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Handle: RePEc:upf:upfgen:78
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Web page: http://www.econ.upf.edu/
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Keywords:Other versions of this item:
- Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth," NBER Working Papers 3564, National Bureau of Economic Research, Inc.
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
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