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• W1550133734 abstract "In this paper we extend the Lucas (1988) endogenous growth model to include sector-speciflc external efiects and depreciation in both sectors. We derive analytically, the restrictions on the parameter space that are necessary and su‐cient for the existence of balanced growth paths and equilibria. We demonstrate that in contrast to the original model, with the addition of an external efiect and depreciation in the production the human capital sector, the Lucas model can be made consistent with the high degrees of intertemporal elasticities of substitution increasingly estimated in the empirical literature." @default.
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• W1550133734 date "2008-01-01" @default.
• W1550133734 modified "2023-09-24" @default.
• W1550133734 title "The Two Sector Endogenous Growth Model and the Intertemporal Elasticity of Substitution: An Atlas" @default.
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• W1550133734 hasPublicationYear "2008" @default.
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