EQUILIBRIUM DYNAMICS IN AN ENDOGENOUS GROWTH MODEL WITH HABIT FORMATION AND ELASTIC LABOR SUPPLY

被引：6

作者：

Gomez, Manuel A. ^{[1
]}

机构：

[1] Univ A Coruna, La Coruna 15071, Spain

来源：

MACROECONOMIC DYNAMICS | 2015年 / 19卷 / 03期

关键词：

Endogenous Growth; Habits; Leisure; Equilibrium Dynamics; CONSUMPTION EXTERNALITIES; ECONOMIC-GROWTH; TAX POLICY; JONESES; PREFERENCES; AGGREGATE; PRICES; TIME;

D O I：

10.1017/S1365100513000503

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper analyzes the dynamics of an endogenous growth model with external habit formation and elastic labor supply. We first derive the conditions for the existence, uniqueness, and saddlepath stability of a feasible steady state with positive long-run growth. The global dynamics of the economy are characterized by phase-diagram analysis. Then we characterize the comparative static effects of shocks in preferences and production parameters analytically. The comparative dynamic effects of the shocks are characterized by phase-diagram analysis.

引用

页码：618 / 642

页数：25

共 50 条

[1] Internal habits in an endogenous growth model with elastic labor supply
Gomez, Manuel A.
Monteiro, Goncalo
ECONOMIC MODELLING, 2015, 51 : 583 - 595
[2] Fiscal policy, elastic labor supply, and endogenous growth
Turnovsky, SJ
JOURNAL OF MONETARY ECONOMICS, 2000, 45 (01) : 185 - 210
[3] Public debt and income inequality in an endogenous growth model with elastic labor supply
Daisuke Miyashita
International Journal of Economic Policy Studies, 2023, 17 : 447 - 472
[4] Public debt and income inequality in an endogenous growth model with elastic labor supply
Miyashita, Daisuke
INTERNATIONAL JOURNAL OF ECONOMIC POLICY STUDIES, 2023, 17 (02) : 447 - 472
[5] Distributional dynamics in a neoclassical growth model:: The role of elastic labor supply
Turnovsky, Stephen J.
Garcia-Penalosa, Cecilia
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2008, 32 (05): : 1399 - 1431
[6] DYNAMICS OF ECONOMIC GROWTH UNDER ENDOGENOUS LABOR SUPPLY
OKUGUCHI, K
ECONOMETRICA, 1968, 36 (5S) : 17 - &
[7] Public Spending in a Model of Endogenous Growth with Habit Formation
Gomez, Manuel A.
DISCRETE DYNAMICS IN NATURE AND SOCIETY, 2010, 2010
[8] A two sector endogenous growth model with habit formation
Hiraguchi, Ryoji
JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2011, 35 (04): : 430 - 441
[9] Convergence speed in the Ak endogenous growth model with habit formation
Gomez, Manuel A.
ECONOMICS LETTERS, 2008, 100 (01) : 16 - 21
[10] Habit formation in an endogenous growth model with pollution abatement activities
Masako Ikefuji
Journal of Economics, 2008, 94 : 241 - 259

← 1 2 3 4 5 →