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
Authors:	Kuwahara, Shiro ; Yamada, Katsunori
Publisher:	Osaka : Osaka University, Institute of Social and Economic Research (ISER)
Subject:	local home environmental externality \| human capital \| indeterminacy

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Series:	ISER Discussion Paper ; 722
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	59574740X [GVK] hdl:10419/92685 [Handle]
Classification:	O41 - One, Two, and Multisector Growth Models ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10010332308