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dc.contributor.authorDUCZYNSKI, Petr
dc.date.accessioned2011-05-09T15:11:39Z
dc.date.available2011-05-09T15:11:39Z
dc.date.issued2002
dc.identifier.citationJournal of Economic Dynamics & Control, 2002, 26, 5, 837-850
dc.identifier.issn0165-1889
dc.identifier.urihttp://hdl.handle.net/1814/16971
dc.description.abstractNumerous empirical studies observe that output growth depends positively on human capital and negatively on output. This paper demonstrates that an open-economy neoclassical growth model with large adjustment costs for human capital and moderate adjustment costs for physical capital can provide a rationale for these observations. The model can be calibrated for sufficiently slow conditional convergence. (C) 2002 Elsevier Science B.V. All rights reserved.
dc.titleAdjustment Costs in A Two-Capital Growth Model
dc.typeArticle
dc.neeo.contributorDUCZYNSKI|Petr|aut|
dc.identifier.volume26
dc.identifier.startpage837
dc.identifier.endpage850
eui.subscribe.skiptrue
dc.identifier.issue5


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