Is the asymptotic speed of convergence a good proxy for the transitional growth path?
(2007)
Journal Article
Papageorgiou, C., & Perez-Sebastian, F. (2007). Is the asymptotic speed of convergence a good proxy for the transitional growth path?. Journal of Money, Credit and Banking, 39(1), 1-24. https://doi.org/10.1111/j.0022-2879.2007.00001.x
This paper compares transitional dynamics in two alternative R&D non-scale growth models, one with endogenous human capital and the other without. We show that focusing only on the asymptotic speed of convergence to discriminate between the two model... Read More about Is the asymptotic speed of convergence a good proxy for the transitional growth path?.