Merit and rent in a growing economy

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• 作者：Enrico Minelli ^{enrico.minelli@unibs.it}
• 关键词：D9 ; E2 ; O3 ; D52
• 刊名：Economics Letters
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：151
• 期：Complete
• 页码：107-110
• 全文大小：468 K
• 卷排序：151

文摘

Interprets long run data on K∕YK∕Y as changes in the steady state of an endogenous growth model. Extends Romer’s model of technological change by adding a generational risky human capital choice. Interprets reduction in growth as outcome of choices favouring safe capital over risky effort.