A note on external habits and efficiency in the AK model
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DOI: 10.1007/s00712-009-0100-0
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More about this item
Keywords
Subtractive habits; Multiplicative habits; Efficiency; Endogenous growth; E21; H21; O41;JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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