Factor substitution and convergence speed in the neoclassical model with elastic labor supply

DOI10.1016/J.ECONLET.2018.08.040MaRDI QIDQ1629643zbMATH OpenOpenAlexWikidataFDO

Authors Manuel A. Gómez

Publication date 12 December 2018

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2018.08.040

zbMATH Keywords

elasticity of substitutionconvergence speedelastic labor supply

Mathematics Subject Classification ID

PDEs in connection with game theory, economics, social and behavioral sciences (35Q91) Economic growth models (91B62)

Recommendations

• Economic growth and factor substitution with elastic labor supply
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• Factor substitution and long-run growth in the Lucas model with elastic labor supply
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• Elasticity of substitution and growth: normalized CES in the diamond model

Cites work

• Calibration of normalised CES production functions in dynamic models
• Capital utilization, economic growth and convergence
• Capital-labor substitution and long-run growth in a model with physical and human capital
• Convergence in a two-sector nonscale growth model
• Convergence speed in the ak endogenous growth model with habit formation
• Economic growth and factor substitution with elastic labor supply
• Elasticity of substitution and growth: normalized CES in the diamond model
• Factor substitution and economic growth: a unified approach
• Factor substitution and long-run growth in the Lucas model with elastic labor supply
• Factor substitution is an engine of growth in a model with productive public expenditure

Cited in

(9)

• Factor substitution, long-run equilibrium, and convergence speed in the Lucas model
• Application of elastic transformation method and similarity construction method in solving ordinary differential equations
• Economic growth and factor substitution with elastic labor supply
• Factor substitution and long-run growth in the Lucas model with elastic labor supply
• Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model.
• Elasticity of substitution, long-run growth, and convergence speed: a general framework
• Factor substitution and economic growth: a unified approach
• Convergence speed and preference externalities in a one-sector model with elastic labor supply
• Long-run growth, speed of convergence and the specification of technology

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