Factor substitution, long-run equilibrium, and convergence speed in the Lucas model

DOI10.1016/J.ECONLET.2023.111358zbMath1530.91381OpenAlexW4386812971MaRDI QIDQ6140026

Manuel A. Gómez

Publication date: 19 January 2024

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2023.111358

zbMATH Keywords

endogenous growthhuman capitalconvergence speedelasticity of substitution

Mathematics Subject Classification ID

Economic growth models (91B62) Labor markets (91B39)

Cites Work

• Factor substitution and convergence speed in the neoclassical model with elastic labor supply
• Factor substitution is an engine of growth in a model with productive public expenditure
• Factor substitution and long-run growth in the Lucas model with elastic labor supply
• Elasticity of substitution and growth: normalized CES in the diamond model
• Variable elasticity of substitution and economic growth in the neoclassical model
• FACTOR SUBSTITUTION AND ECONOMIC GROWTH: A UNIFIED APPROACH

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