Title of article
Capital utilization and the foundations of club convergence
Author/Authors
Carl-Johan Dalgaard، نويسنده , , Jes Winther Hansen، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2005
Pages
8
From page
145
To page
152
Abstract
Multiple steady states may arise in standard neoclassical growth models if the savings rate of wage income exceeds that of capital income. This paper shows that endogenous capital utilization may produce such savings behavior in an otherwise standard Solow model.
Keywords
Club convergence , Economic growth , Capital utilization
Journal title
Economics Letters
Serial Year
2005
Journal title
Economics Letters
Record number
435649
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