A two-sector model of endogenous growth with leisure externalities
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Azariadis, Costas & Chen, Been-Lon & Lu, Chia-Hui & Wang, Yin-Chi, 2013. "A two-sector model of endogenous growth with leisure externalities," Journal of Economic Theory, Elsevier, vol. 148(2), pages 843-857.
- Costas Azariadis & Been-Lon Chen & Chia-Hui Lu & Yin-Chi Wang, 2012. "A Two-sector Model of Endogenous Growth with Leisure Externalities," IEAS Working Paper : academic research 12-A014, Institute of Economics, Academia Sinica, Taipei, Taiwan.
References listed on IDEAS
- Stokey, Nancy L & Rebelo, Sergio, 1995.
"Growth Effects of Flat-Rate Taxes,"
Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 519-550, June.
- Nancy L. Stokey & Sergio Rebelo, 1993. "Growth Effects of Flat-Rate Taxes," NBER Working Papers 4426, National Bureau of Economic Research, Inc.
- Benhabib Jess & Perli Roberto, 1994. "Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 63(1), pages 113-142, June.
- Edward C. Prescott, 2004.
"Why do Americans work so much more than Europeans?,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 28(Jul), pages 2-13.
- Edward C. Prescott, 2003. "Why do Americans work so much more than Europeans?," Staff Report 321, Federal Reserve Bank of Minneapolis.
- Edward C. Prescott, 2004. "Why do Americans Work so Much More than Europeans?," NBER Working Papers 10316, National Bureau of Economic Research, Inc.
- Edward C. Prescott, 2004. "Why Do Americans Work So Much More Than Europeans?," Levine's Bibliography 122247000000000413, UCLA Department of Economics.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1993.
"Transitional Dynamics in Two-Sector Models of Endogenous Growth,"
The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 739-773.
- Casey B. Mulligan & Xavier Sala-i-Martin, 1992. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," NBER Working Papers 3986, National Bureau of Economic Research, Inc.
- Mulligan, C.B. & Sala-i-Martin, X., 1992. "Transitional Dynamics in Two-Sector Models of Endogenous Growth," Papers 651, Yale - Economic Growth Center.
- Edward C. Prescott, 2006. "Nobel Lecture: The Transformation of Macroeconomic Policy and Research," Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 203-235, April.
- Bond, Eric W. & Wang, Ping & Yip, Chong K., 1996.
"A General Two-Sector Model of Endogenous Growth with Human and Physical Capital: Balanced Growth and Transitional Dynamics,"
Journal of Economic Theory, Elsevier, vol. 68(1), pages 149-173, January.
- Eric W. Bond & Ping Wang & Chong K. Yip, 1993. "A general two-sector model of endogenous growth with human and physical capital: balanced growth and transitional dynamics," Working Papers 9324, Federal Reserve Bank of Dallas.
- Gali, Jordi, 1994.
"Keeping Up with the Joneses: Consumption Externalities, Portfolio Choice, and Asset Prices,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(1), pages 1-8, February.
- Gali, J., 1992. "Keeping Up with the Joneses: Consumption Externalities, Portfolio Choice and Asset Prices," Papers 92-22, Columbia - Graduate School of Business.
- Ladron-de-Guevara, Antonio & Ortigueira, Salvador & Santos, Manuel S., 1997.
"Equilibrium dynamics in two-sector models of endogenous growth,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 115-143, January.
- Ladrón de Guevara Martínez, Antonio & Santos, Manuel S. & Ortigueira, Salvador, 1994. "Equilibrium dynamics in two-sector models of endogenous growth," UC3M Working papers. Economics 2913, Universidad Carlos III de Madrid. Departamento de Economía.
- Antonio Ladron de Guevara & Salvador Ortigueira & Manuel S. Santos, 1994. "Equilibrium Dynamics in Two-Sector Models of Endogenous Growth," Working Papers 9403, Centro de Investigacion Economica, ITAM.
- Manuel A. Gómez, 2008. "Consumption And Leisure Externalities, Economic Growth And Equilibrium Efficiency," Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(2), pages 227-249, May.
- Antonio Ladrón-de-Guevara & Salvador Ortigueira & Manuel S. Santos, 1999.
"A Two-Sector Model of Endogenous Growth with Leisure,"
Review of Economic Studies, Oxford University Press, vol. 66(3), pages 609-631.
- Antonio Ladron de Guevara & Salvador Ortigueira & Manuel Santos, 1995. "A Two-Sector Model of Endogenous Growth with Leisure," Working Papers 9503, Centro de Investigacion Economica, ITAM.
- Ladrón de Guevara Martínez, Antonio & Santos, Manuel S. & Ortigueira, Salvador, 1995. "A two-sector model of endogenous growth with leisure," UC3M Working papers. Economics 4160, Universidad Carlos III de Madrid. Departamento de Economía.
- Lucas, Robert E, Jr, 1990. "Supply-Side Economics: An Analytical Review," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 293-316, April.
- Bill Dupor & Wen-Fang Liu, 2003. "Jealousy and Equilibrium Overconsumption," American Economic Review, American Economic Association, vol. 93(1), pages 423-428, March.
- Susumu Imai & Michael P. Keane, 2004. "Intertemporal Labor Supply and Human Capital Accumulation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(2), pages 601-641, May.
- John W. Kendrick, 1976. "The Formation and Stocks of Total Capital," NBER Books, National Bureau of Economic Research, Inc, number kend76-1, March.
- Mino, Kazuo, 1996. "Analysis of a Two-Sector Model of Endogenous Growth with Capital Income Taxation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(1), pages 227-251, February.
- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Chia-hui Lu, 2020. "Labor participation externalities and unemployment," Economics Bulletin, AccessEcon, vol. 40(2), pages 1002-1010.
- Antoci, Angelo & Guerrini, Luca & Sodini, Mauro & Zarri, Luca, 2014. "A two-sector model of economic growth with social capital accumulation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 53(C), pages 56-65.
- Escobar-Posada, Rolando A. & Monteiro, Goncalo, 2017. "Optimal tax policy in the presence of productive, consumption, and leisure externalities," Economics Letters, Elsevier, vol. 152(C), pages 62-65.
- Jiunn Wang & Laura Marsiliani & Thomas Renstrom, 2017. "Tax Reform, Unhealthy Commodities and Endogenous Health," Working Papers 2017_12, Durham University Business School.
- Been-Lon Chen & Chih-Fang Lai, 2016.
"Relative effects of labor taxes on employment and working hours: role of mechanisms shaping working hours,"
Journal of Economics,
Springer, vol. 117(1), pages 49-84, January.
- Been-Lon Chen & Chih-Fang Lai, 2016. "Relative effects of labor taxes on employment and working hours: role of mechanisms shaping working hours," Journal of Economics, Springer, vol. 117(1), pages 49-84, January.
- Allen, Jeffrey & Chakraborty, Shankha, 2018.
"Aspirations, health and the cost of inequality,"
Journal of Economic Dynamics and Control, Elsevier, vol. 86(C), pages 144-164.
- Allen, Jeffrey & Chakraborty, Shankha, 2015. "Aspirations, Health and the Cost of Inequality," MPRA Paper 64087, University Library of Munich, Germany.
- Chen, Been-Lon & Lai, Chih-Fang, 2015.
"Effects of labor taxes and unemployment compensation on labor supply in a search model with an endogenous labor force,"
Journal of Macroeconomics, Elsevier, vol. 43(C), pages 300-317.
- Been-Lon Chen & Chih-Fang Lai, 2014. "Effects of Labor Taxes and Unemployment Compensation on Labor Supply in a Search Model with an Endogenous Labor Force," IEAS Working Paper : academic research 14-A015, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- G. Candela & M. Castellani & R. Dieci, 2015. "The wise use of leisure time. A three-sector endogenous growth model with leisure services," Working Papers wp1010, Dipartimento Scienze Economiche, Universita' di Bologna.
- Dibyendu Maiti, 2018. "ICT, Leisure Externality and Wellbeing," Working papers 286, Centre for Development Economics, Delhi School of Economics.
- Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2015.
"Relative Effects of Labour Taxes and Unemployment Benefits on Hours Worked Per Worker and Employment,"
Pacific Economic Review, Wiley Blackwell, vol. 20(2), pages 282-309, May.
- Been-Lon Chen & Mei Hsu & Chih-Fang Lai, 2014. "Relative Effects of Labor Taxes and Unemployment Benefits on Hours Worked per Worker and Employment," IEAS Working Paper : academic research 14-A014, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Fève, Patrick & Matheron, Julien & Sahuc, Jean-Guillaume, 2011.
"Externality in labor supply and government spending,"
Economics Letters, Elsevier, vol. 112(3), pages 273-276, September.
- Patrick Fève & Julien Matheron & Jean-Guillaume Sahuc, 2011. "Externality in Labor Supply and Government Spending," Post-Print hal-01612706, HAL.
- Chang, Ming-Jen & Chang, Juin-Jen & Shieh, Jhy-Yuan, 2014. "Keeping up with the Joneses and exchange rate volatility in a Redux model," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 569-584.
- Barnett, Richard & Bhattacharya, Joydeep & Bunzel, Helle, 2016. "The Fight-or-Flight Response to the Joneses," School of Economics Working Paper Series 2016-12, LeBow College of Business, Drexel University.
- Jun Oshiro, 2017. "Solitary City: Time, Space and Urban Policy," Manchester School, University of Manchester, vol. 85(6), pages 744-764, December.
- Forson, Joseph Ato, 2014. "A “Recursive Framework” of Corruption and Development: Comparison between Economic and Sustainable outcomes," MPRA Paper 102211, University Library of Munich, Germany, revised 10 Nov 2016.
- Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 187-210.
- Zheng, Zhijie & Huang, Chien-Yu & Wan, Xi, 2020. "Human Capital and Income Inequality in a Monetary Schumpeterian Growth Model," MPRA Paper 101912, University Library of Munich, Germany.
- Dos Santos Ferreira, Rodolphe & Lloyd-Braga, Teresa & Modesto, Leonor, 2014. "Employment Dynamics and Redistributive Policies under Workers' Social Norms," IZA Discussion Papers 7888, Institute of Labor Economics (IZA).
- Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2012. "The Relationship Between Social Leisure and Life Satisfaction: Causality and Policy Implications," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 108(3), pages 453-490, September.
- Franco Barrera & Nicolás Garrido, 2018. "Public holidays, tourism, and economic growth," Tourism Economics, , vol. 24(4), pages 473-485, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Chen, Been-Lon & Lu, Chia-Hui, 2013.
"Optimal factor tax incidence in two-sector human capital-based models,"
Journal of Public Economics, Elsevier, vol. 97(C), pages 75-94.
- Been-Lon Chen & Chia-Hui Lu, 2012. "Optimal Factor Tax Incidence in Two-sector Human Capital-based Models," IEAS Working Paper : academic research 12-A018, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Pedro Garcia-Castrillo & Marcos Sanso, 2000. "Human Capital and Optimal Policy in a Lucas-type Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(4), pages 757-770, October.
- Lu, Chia-Hui, 2018. "Social status, compulsory education, and growth," Economic Modelling, Elsevier, vol. 68(C), pages 425-434.
- Stephen Turnovsky, 2000.
"Growth in an Open Economy: Some Recent Developments,"
Discussion Papers in Economics at the University of Washington
0015, Department of Economics at the University of Washington.
- Stephen J. Turnovsky, 2000. "Growth in an open economy: some recent developments," Working Paper Research 05, National Bank of Belgium.
- Turnovsky, S., 2000. "Growth in an Open Economy: some Recent Developments," Papers 5, Warwick - Development Economics Research Centre.
- Stephen Turnovsky, 2000. "Growth in an Open Economy: Some Recent Developments," Working Papers 0015, University of Washington, Department of Economics.
- Ladron-de-Guevara, Antonio & Ortigueira, Salvador & Santos, Manuel S., 1997.
"Equilibrium dynamics in two-sector models of endogenous growth,"
Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 115-143, January.
- Antonio Ladron de Guevara & Salvador Ortigueira & Manuel S. Santos, 1994. "Equilibrium Dynamics in Two-Sector Models of Endogenous Growth," Working Papers 9403, Centro de Investigacion Economica, ITAM.
- Ladrón de Guevara Martínez, Antonio & Santos, Manuel S. & Ortigueira, Salvador, 1994. "Equilibrium dynamics in two-sector models of endogenous growth," UC3M Working papers. Economics 2913, Universidad Carlos III de Madrid. Departamento de Economía.
- Alonso-Carrera, Jaime & Freire-Seren, Maria Jesus, 2004.
"Multiple equilibria, fiscal policy, and human capital accumulation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 841-856, January.
- Jaime Alonso-Carrera & María Jesús Freire-Serén, 2002. "Multiple equilibria, fiscal policy, and human capital accumulation," Working Papers 0204, Universidade de Vigo, Departamento de Economía Aplicada.
- Hung-Ju Chen & Been-Lon Chen & Ping Wang, 2010.
"Taxing Capital is Not a Bad Idea Indeed: The Role of Human Capital and Labor-Market Frictions,"
2010 Meeting Papers
827, Society for Economic Dynamics.
- Chen, Been-Lon & Chen, Hung-Ju & Wang, Ping, 2011. "Taxing capital is not a bad idea indeed: the role of human capital and labor-market frictions," MPRA Paper 33209, University Library of Munich, Germany.
- Milesi-Ferretti, Gian Maria & Roubini, Nouriel, 1998.
"On the taxation of human and physical capital in models of endogenous growth,"
Journal of Public Economics, Elsevier, vol. 70(2), pages 237-254, November.
- Milesi-Ferretti, Gian Maria & Roubini, Nouriel, 1996. "On the Taxation of Human and Physical Capital in Models of Endogenous Growth," CEPR Discussion Papers 1477, C.E.P.R. Discussion Papers.
- Chen, Been-Lon, 2007.
"Factor taxation and labor supply in a dynamic one-sector growth model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3941-3964, December.
- Been-Lon Chen, 2003. "Factor Taxation and Labor Supply In A Dynamic One-Sector Growth Model," IEAS Working Paper : academic research 03-A006, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Arantza Gorostiaga & Jana Hromcová & Miguel-Ángel López-García, 2013.
"Optimal taxation in the Uzawa–Lucas model with externality in human capital,"
Journal of Economics, Springer, vol. 108(2), pages 111-129, March.
- Arantza Gorostiaga & Jana Hromcová & Miguel Ángel López García, 2011. "Optimal taxation in the Uzawa-Lucas Model with externality in human capital," Working Papers. Serie AD 2011-19, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Stephen Turnovsky, 1999.
"Knife-Edge Conditions and the Macroeconomics of Small Open Economies,"
Discussion Papers in Economics at the University of Washington
0031, Department of Economics at the University of Washington.
- Stephen Turnovsky, 1999. "Knife-Edge Conditions and the Macroeconomics of Small Open Economies," Working Papers 0031, University of Washington, Department of Economics.
- Salvador Ortigueira & Manuel S. Santos, 1994.
"On Convergence in Endogenous Growth Models,"
Working Papers
9409, Centro de Investigacion Economica, ITAM.
- Santos, Manuel S. & Ortigueira, Salvador, 1994. "On convergence in endogenous growth models," UC3M Working papers. Economics 2980, Universidad Carlos III de Madrid. Departamento de Economía.
- Salvador Ortigueira & Manuel S. Santos, 1996. "On convergence in endogenous growth models," Discussion Paper / Institute for Empirical Macroeconomics 110, Federal Reserve Bank of Minneapolis.
- Chia-Hui Lu & Been-Lon Chen, 2015.
"Optimal Capital Taxation in a Neoclassical Growth Model,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(2), pages 257-269, April.
- Chia-Hui Lu & Been-Lon Chen, 2013. "Optimal Capital Taxation in A Neoclassical Growth Model," IEAS Working Paper : academic research 13-A005, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Hu, Yunfang & Mino, Kazuo, 2004. "Fiscal Policy, Home Production and Growth Dynamics," MPRA Paper 17017, University Library of Munich, Germany.
- Orlando Gomes, 2008.
"Decentralized Allocation of Human Capital and Nonlinear Growth,"
Computational Economics, Springer;Society for Computational Economics, vol. 31(1), pages 45-75, February.
- Gomes, Orlando, 2007. "Decentralized allocation of human capital and nonlinear growth," MPRA Paper 2882, University Library of Munich, Germany.
- Brito, Paulo & Venditti, Alain, 2010.
"Local and global indeterminacy in two-sector models of endogenous growth,"
Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 893-911, September.
- Paulo Brito & Alain Venditti, 2009. "Local and global indeterminacy in two-sector models of endogenous growth," Working Papers halshs-00408018, HAL.
- Lutz G. Arnold, 2006. "The Dynamics of the Jones R&D Growth Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 143-152, January.
- de Hek, Paul A., 2006.
"On taxation in a two-sector endogenous growth model with endogenous labor supply,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(4), pages 655-685, April.
- Paul A. de Hek, 2003. "On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply," Tinbergen Institute Discussion Papers 03-029/2, Tinbergen Institute.
- Paul A. de Hek, 2005. "On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply," DEGIT Conference Papers c010_010, DEGIT, Dynamics, Economic Growth, and International Trade.
- Altar, Moisa & Necula, Ciprian & Bobeica, Gabriel, 2008. "Modeling The Economic Growth In Romania. The Role Of Human Capital," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(3), pages 115-128, September.
- Psarianos, Iacovos N., 2007. "A note on work-leisure choice, human capital accumulation, and endogenous growth," Research in Economics, Elsevier, vol. 61(4), pages 208-217, December.
More about this item
Keywords
Labor supply; Economic growth;JEL classification:
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2012-11-11 (Dynamic General Equilibrium)
- NEP-FDG-2012-11-11 (Financial Development & Growth)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlwp:2012-045. 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: (). General contact details of provider: http://edirc.repec.org/data/frbslus.html .
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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.