The Dynamic Leontief Model and the Theory of Endogenous Growth
This paper shows that the dynamic Leontief model can be interpreted as a linear model of endogenous growth. The long-term rate of growth is determined within the economic system - either as the outcome of the saving and investment behaviour of agents or as the outcome of some planner's maximization of some objective function.
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Volume (Year): 12 (2000)
Issue (Month): 2 ()
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References listed on IDEAS
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- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July. Full references (including those not matched with items on IDEAS)
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