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On Steady-State Solutions of Selected Endogenous Growth Models

Author

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  • Petr Duczynski

Abstract

This paper considers three natural extensions of the Uzawa-Lucas model. These extensions work with physical capital and one or two types of human capital. There are two or three sectors in which production takes place. We show that the steady-state growth rate of the economy can be analytically derived for all of these models.

Suggested Citation

  • Petr Duczynski, 2007. "On Steady-State Solutions of Selected Endogenous Growth Models," Bulletin of the Czech Econometric Society, The Czech Econometric Society, vol. 14(24).
  • Handle: RePEc:czx:journl:v:14:y:2007:i:24:id:152
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    File URL: http://ces.utia.cas.cz/bulletin/index.php/bulletin/article/view/152
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    Keywords

    Endogenous growth; Human capital; Physical capital; Steady state;

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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