Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 叶创基教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1006/jeth.1996.0008 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/105WOS source URL
其它资讯
摘要We examine a two-sector endogenous growth model with general constant-return-to-scale production technologies governing the evolution of human and physical capital. We prove the existence, uniqueness, and saddle-path stability of the balanced growth equilibrium. A dual approach drawing on techniques from international trade theory is used to provide complete characterization of the transitional dynamics of consumption, goods and education outputs, human and physical capital inputs, and the relative price of human capital investment. We investigate the long-run effects of changes in time preference and Factor taxation, and show the emergence of instability or indeterminacy when factor taxes are too distortionary. (C) 1996 Academic Press, Inc.
着者Bond EW, Wang P, Yip CK
期刊名称Journal of Economic Theory
出版年份1996
月份1
日期1
卷号68
期次1
出版社ACADEMIC PRESS INC JNL-COMP SUBSCRIPTIONS
页次149 - 173
国际标準期刊号0022-0531
电子国际标準期刊号1095-7235
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
