Local Home Environment Externality is a Source of Indeterminacy

We address the local home environment externality conceptualized by Galor and Tsiddon (1997a; 1997b) in the two sector growth model of Lucas (1988). We show that this version of externality related to human capital accumulation process can be a source of indeterminacy.

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Year of publication:	2008-11
Authors:	Kuwahara, Shiro ; Yamada, Katsunori
Institutions:	Institute of Social and Economic Research (ISER), Osaka University

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005008060