Factor substitution and long-run growth in the Lucas model with elastic labor supply

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 159
Issue: C
Pages: 180-184

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that there exists a positive (resp., negative) relationship between the elasticity of factor substitution and long-run growth if the baseline ratio of physical capital to effective labor is above (resp., below) its steady-state value in the Lucas model with elastic labor supply.

Technical Details

RePEc Handle
repec:eee:ecolet:v:159:y:2017:i:c:p:180-184
Journal Field
General
Author Count
1
Added to Database
2026-01-25