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Convergence speed in the Ak endogenous growth model with habit formation

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
100
Issue
1
Identifiers
DOI: 10.1016/j.econlet.2007.10.022
Keywords
  • Convergence Speed
  • Habit Formation
  • Endogenous Growth
  • O41

Abstract

Abstract This paper analyzes the Ak endogenous growth model with habit formation. We prove analytically that the convergence speed is higher when habits are formed in an external way than when they are formed in an internal way.

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